https://www.taxtmi.com/caselaws?id=279099 The Securities Appellate Tribunal upheld penalties imposed on a registered stockbroker for violating SEBI Act, PFUTP Regulations, and Brokers Regulations. The appellant's involvement in fraudulent practices, including aiding in Last Traded Price (LTP) variation, led to the rejection of arguments for leniency based on mitigating factors and turnover considerations. The Tribunal dismissed claims of excessive penalties, emphasizing penalties are based on violations. The appeal was dismissed, directing SEBI to recover penalties with interest as allowed under the SEBI Act. en-us Wed, 18 Jan 2017 00:00:00 +0530 Mon, 04 Mar 2019 07:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279099 The Securities Appellate Tribunal upheld penalties imposed on a registered stockbroker for violating SEBI Act, PFUTP Regulations, and Brokers Regulations. The appellant's involvement in fraudulent practices, including aiding in Last Traded Price (LTP) variation, led to the rejection of arguments for leniency based on mitigating factors and turnover considerations. The Tribunal dismissed claims of excessive penalties, emphasizing penalties are based on violations. The appeal was dismissed, directing SEBI to recover penalties with interest as allowed under the SEBI Act. Case-Laws SEBI Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279099