https://www.taxtmi.com/caselaws?id=197539 Synchronized and cross trades are not per se unlawful under the FUTP framework; liability arises only where the trades are shown to have been entered into with a view to manipulate the price. Here, the nexus allegation with Ketan Parekh entities was dropped for want of proof, and the remaining trades were at prevailing market prices, resulted in delivery, were spread over time, and were not shown to have manipulated the scrip price. As the alleged misconduct was not established, the related charge of failure to exercise due skill and care under the stock-broker code of conduct also could not stand. The impugned order was therefore unsustainable against the appellant. en-us Wed, 25 Jul 2012 00:00:00 +0530 Tue, 09 Jan 2018 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197539 Synchronized and cross trades are not per se unlawful under the FUTP framework; liability arises only where the trades are shown to have been entered into with a view to manipulate the price. Here, the nexus allegation with Ketan Parekh entities was dropped for want of proof, and the remaining trades were at prevailing market prices, resulted in delivery, were spread over time, and were not shown to have manipulated the scrip price. As the alleged misconduct was not established, the related charge of failure to exercise due skill and care under the stock-broker code of conduct also could not stand. The impugned order was therefore unsustainable against the appellant. Case-Laws Companies Law Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197539