https://www.taxtmi.com/caselaws?id=293074 The Securities Appellate Tribunal, Mumbai, dismissed the appeal in a case involving violations of SEBI regulations related to manipulating securities prices. The appellant was found guilty of artificially inflating the price of a specific scrip through misleading trades, leading to a subsequent sharp decline. Despite the appellant's defense of trading based on improved company performance, the tribunal determined that the trades were manipulative and aimed at misleading investors. The judgment emphasized the importance of adhering to SEBI regulations to prevent fraudulent practices in the securities market, ultimately upholding the penalty for the appellant's actions. en-us Fri, 21 Mar 2014 00:00:00 +0530 Thu, 21 Jan 2021 19:59:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293074 The Securities Appellate Tribunal, Mumbai, dismissed the appeal in a case involving violations of SEBI regulations related to manipulating securities prices. The appellant was found guilty of artificially inflating the price of a specific scrip through misleading trades, leading to a subsequent sharp decline. Despite the appellant's defense of trading based on improved company performance, the tribunal determined that the trades were manipulative and aimed at misleading investors. The judgment emphasized the importance of adhering to SEBI regulations to prevent fraudulent practices in the securities market, ultimately upholding the penalty for the appellant's actions. Case-Laws SEBI Fri, 21 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293074