Adjudication Order in respect of Rose Securities Limited in the matter of Illiquid Stock Options
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What is this order about?
This order addresses Rose Securities Limited's alleged manipulation of the stock options market by executing non-genuine trades that created artificial volume, violating SEBI regulations.
Who it concerns
Rose Securities Limited (PAN: AADCR1312E)
What was found or directed
- Executed 12 non-genuine trades in 3 stock options contracts
- Artificial volume of 16,64,000 units created
- Violated PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- Deemed admitted violations due to lack of response to show cause notice
- No penalty amount specified in order
Points worth noting
- 12 non-genuine trades accounted for 10-30% of total trades in contracts
- Artificial volume contributed 24.25%-31.38% of total market volume in contracts
- Trades executed with same counterparty on same day with significant price difference
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/GN/2026-27/32362 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-04-20
ORDER_1776658349.pdf
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