https://www.taxtmi.com/caselaws?id=293079 The Tribunal upheld the decision finding the individual traders guilty of violating SEBI regulations on manipulative trading practices. The traders were penalized for manipulating the price of a specific scrip by executing numerous trades above the Last Traded Price, creating a misleading appearance of trading. Despite the appellants' argument of following the increasing price trend and denying manipulative intent, the Tribunal deemed their trading pattern unfair and manipulative. The penalties imposed were reduced due to mitigating factors, with the traders directed to pay the revised penalties within a specified timeframe. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 21 Jan 2021 19:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293079 The Tribunal upheld the decision finding the individual traders guilty of violating SEBI regulations on manipulative trading practices. The traders were penalized for manipulating the price of a specific scrip by executing numerous trades above the Last Traded Price, creating a misleading appearance of trading. Despite the appellants' argument of following the increasing price trend and denying manipulative intent, the Tribunal deemed their trading pattern unfair and manipulative. The penalties imposed were reduced due to mitigating factors, with the traders directed to pay the revised penalties within a specified timeframe. Case-Laws SEBI Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293079