Adjudication Order in respect of Nitin Jain in the matter of Illiquid Stock Options on BSE
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What is this order about?
SEBI issued an order against Nitin Jain for allegedly executing non-genuine trades in illiquid stock options on BSE, which created artificial trading volume.
Who it concerns
Nitin Jain (PAN: ABGPJ1359J)
What was found or directed
- SEBI found Nitin Jain executed 5 non-genuine trades in 2 Stock Options contracts
- These trades created artificial volume of 14,52,000 units
- SEBI alleged violation of PFUTP Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a)
- Nitin Jain did not respond to show cause notices or settlement schemes
- SEBI proceeded ex-parte based on lack of response
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/RK/2026-27/32342 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-04-13
ORDER_1776078982.pdf
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