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<h1>Sebi Fines Scan Steels Rs. 18.80 Lakh for Fraudulent Trading; Director of Shivam Shree Penalized for Insider Trading.</h1> The Securities and Exchange Board of India (Sebi) fined Scan Steels Ltd Rs. 18.80 lakh for engaging in fraudulent trading in the BSE stock options segment, following a probe from April 2014 to September 2015. The investigation revealed that Scan Steels conducted 324 non-genuine transactions in 113 stock option contracts, creating artificial trading volumes and violating PFUTP norms. Additionally, Sebi fined a director of Shivam Shree Business Ltd Rs. 5 lakh for insider trading violations. The director failed to disclose share disposals exceeding Rs. 10 lakh and conducted trades within six months without proper compliance officer approval, breaching PIT norms.