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    <title>2012 (12) TMI 1145 - SECURITIES APPELLATE TRIBUNAL, MUMBAI</title>
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    <description>The appellant was restrained from accessing the securities market for 18 months by SEBI for engaging in synchronized trades, creating artificial volumes. The Tribunal found appellant&#039;s trades demonstrated involvement in manipulative practices, dismissing claims of insignificance. Citing precedents, the Tribunal held self trades as illegal. Despite reducing the restraint period to three months due to lesser contribution to artificial volumes, the appeal was partly allowed with no costs awarded.</description>
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      <description>The appellant was restrained from accessing the securities market for 18 months by SEBI for engaging in synchronized trades, creating artificial volumes. The Tribunal found appellant&#039;s trades demonstrated involvement in manipulative practices, dismissing claims of insignificance. Citing precedents, the Tribunal held self trades as illegal. Despite reducing the restraint period to three months due to lesser contribution to artificial volumes, the appeal was partly allowed with no costs awarded.</description>
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