https://www.taxtmi.com/caselaws?id=262370 The appeal was dismissed, and penalties imposed by SEBI were upheld against JHP Securities Pvt. Ltd. for violating PFUTP Regulations and the Code of Conduct for Stock Brokers. The tribunal found the appellant vicariously liable for manipulative trades conducted by its employee, Devendra Vadhaiya. The penalties of Rs. 6,00,000 under Section 15HA and Rs. 2,00,000 under Section 15HB of the SEBI Act were deemed justified due to the appellant's involvement in synchronized, circular, and reversal trades, which manipulated prices and volumes of shares. en-us Tue, 14 Oct 2014 00:00:00 +0530 Sat, 08 Aug 2015 06:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262370 The appeal was dismissed, and penalties imposed by SEBI were upheld against JHP Securities Pvt. Ltd. for violating PFUTP Regulations and the Code of Conduct for Stock Brokers. The tribunal found the appellant vicariously liable for manipulative trades conducted by its employee, Devendra Vadhaiya. The penalties of Rs. 6,00,000 under Section 15HA and Rs. 2,00,000 under Section 15HB of the SEBI Act were deemed justified due to the appellant's involvement in synchronized, circular, and reversal trades, which manipulated prices and volumes of shares. Case-Laws Companies Law Tue, 14 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262370