https://www.taxtmi.com/caselaws?id=284620 Repeated buy and sell orders matched within seconds, rotated shares within a closed group, and created artificial volume without any real change in beneficial ownership; the note treats this pattern as synchronized circular trading contrary to PFUTP norms and the stock-broker code of conduct. It also records that supplying the documents referred to in the show-cause notice was sufficient, and no prejudice arose from non-disclosure of the full investigation report or from not examining the client. Prolonged delay in concluding proceedings was described as undesirable, but not by itself a ground to erase liability where misconduct was established. A mere broker-client label and low turnover did not negate participation in the trading pattern. en-us Tue, 22 Oct 2013 00:00:00 +0530 Fri, 29 Nov 2019 17:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284620 Repeated buy and sell orders matched within seconds, rotated shares within a closed group, and created artificial volume without any real change in beneficial ownership; the note treats this pattern as synchronized circular trading contrary to PFUTP norms and the stock-broker code of conduct. It also records that supplying the documents referred to in the show-cause notice was sufficient, and no prejudice arose from non-disclosure of the full investigation report or from not examining the client. Prolonged delay in concluding proceedings was described as undesirable, but not by itself a ground to erase liability where misconduct was established. A mere broker-client label and low turnover did not negate participation in the trading pattern. Case-Laws SEBI Tue, 22 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284620