https://www.taxtmi.com/caselaws?id=258600 The Tribunal upheld the Adjudicating Officer's decision to impose penalties of Rs. 10 lakh each on Angel Broking Private Limited for violations of PFUTP Regulations and Stock-Brokers Regulations under the SEBI Act. The Tribunal found that ABPL engaged in self-trades to create artificial volumes and manipulate prices, rejecting the appellant's defense of coincidental trading. The penalties were deemed justified due to the seriousness of the violations and the impact on market integrity, leading to the dismissal of the appeal. en-us Wed, 01 Oct 2014 00:00:00 +0530 Wed, 15 Apr 2015 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258600 The Tribunal upheld the Adjudicating Officer's decision to impose penalties of Rs. 10 lakh each on Angel Broking Private Limited for violations of PFUTP Regulations and Stock-Brokers Regulations under the SEBI Act. The Tribunal found that ABPL engaged in self-trades to create artificial volumes and manipulate prices, rejecting the appellant's defense of coincidental trading. The penalties were deemed justified due to the seriousness of the violations and the impact on market integrity, leading to the dismissal of the appeal. Case-Laws Indian Laws Wed, 01 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258600