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Morgan Stanley France pays Rs 25,00,000, settles Nifty options case

Morgan Stanley had filed a settlement application with the markets regulator in February 2022

morgan stanley logo, morgan stanley hq, morgan stanley new york headquarter

BS Reporter Mumbai
Morgan Stanley France has paid Rs 25.35 lakh to settle a case pertaining to alleged manipulation of Nifty options contract. 

The process was carried out under the Securities and Exchange Board of India’s (Sebi’s) Settlement Regulations, whereby an alleged wrongdoer can settle a case without admitting or denying any guilt.

Between July 2017 and August 2017, Morgan Stanley France (the applicant) and Reliance Strategic Investments had conducted trades in long-dated Nifty options contracts which was found to be in violation of certain provisions under the Sebi Act. 

It was alleged that the two parties mutually traded in illiquid Nifty put

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First Published: Mar 23 2023 | 10:57 PM IST

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