SEBI finds 49 fake trades creating 66,04,000 units of artificial volume
This order addresses SEBI's investigation into Grand Dealtrade Private Limited for allegedly executing non-genuine reversal trades in illiquid stock options on the BSE between April 2014 and September 2015, which created artificial trading volume.
Grand Dealtrade Private Limited (PAN: AAECG1630P)
- SEBI found that the Noticee executed 49 non-genuine trades across 23 stock option contracts.
- These trades resulted in the creation of artificial volume totaling 66,04,000 units.
- The Noticee failed to respond to the Show Cause Notice after multiple service attempts, leading SEBI to proceed ex-parte and presume the allegations were admitted.
- The order cites violations of Regulations 3(a), (b), (c), (d), 4(1), and 4(2)(a) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003.
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Document details
| Official title | Adjudication Order in respect of Grand Dealtrade Private Limited in the matter of Illiquid Stock Options |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32363 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |