https://www.taxtmi.com/caselaws?id=403171 Repeated sell orders placed below the last traded price on numerous occasions were treated as inconsistent with rational market conduct and indicative of manipulative trading. The Tribunal held that the overall pattern, including very small order quantities and isolated trades above or near the last traded price, supported an inference of self-generated momentum designed to influence prices and disturb market equilibrium. On that basis, the conduct was found to fall within the securities market fraud and unfair trade practice framework. The debarment and penalty were also found not to be harsh or disproportionate and were upheld. en-us Fri, 20 Nov 2020 00:00:00 +0530 Thu, 21 Jan 2021 09:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403171 Repeated sell orders placed below the last traded price on numerous occasions were treated as inconsistent with rational market conduct and indicative of manipulative trading. The Tribunal held that the overall pattern, including very small order quantities and isolated trades above or near the last traded price, supported an inference of self-generated momentum designed to influence prices and disturb market equilibrium. On that basis, the conduct was found to fall within the securities market fraud and unfair trade practice framework. The debarment and penalty were also found not to be harsh or disproportionate and were upheld. Case-Laws Companies Law Fri, 20 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403171