 "Sebi")
Markets regulator Sebi on Monday imposed a total penalty of Rs 1.55 crore on two entities for indulging in fraudulent trading in illiquid stock options on the BSE.
Sebi levied a fine of Rs 84 lakh and Rs 71 lakh on Ashlar Commodities Pvt Ltd and Ashlar Securities Pvt Ltd, respectively, in two separate orders.
After observing large-scale reversal of trades in the illiquid stock options segment of the BSE, the Securities and Exchange Board of India (Sebi) conducted a probe between April 2014 and September 2015.
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