https://www.taxtmi.com/caselaws?id=301909 Synchronized trades executed with prior understanding were found to be non-genuine because they matched in price, quantity and timing, created artificial volumes, and gave a false and misleading appearance of trading. The order held that such conduct disturbed price discovery and fell within fraudulent trade practice prohibitions, while the broker's reliance on the limited number of trades or their on-screen execution did not cure the misconduct. It further found that the broker failed to maintain integrity, fairness and due skill, and did not comply with the negotiated deals circular. Violations of the fraudulent trade practice regulations, the broker code of conduct and the SEBI circular were held to justify major penalty. en-us Mon, 27 Aug 2007 00:00:00 +0530 Tue, 26 Apr 2022 16:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301909 Synchronized trades executed with prior understanding were found to be non-genuine because they matched in price, quantity and timing, created artificial volumes, and gave a false and misleading appearance of trading. The order held that such conduct disturbed price discovery and fell within fraudulent trade practice prohibitions, while the broker's reliance on the limited number of trades or their on-screen execution did not cure the misconduct. It further found that the broker failed to maintain integrity, fairness and due skill, and did not comply with the negotiated deals circular. Violations of the fraudulent trade practice regulations, the broker code of conduct and the SEBI circular were held to justify major penalty. Case-Laws SEBI Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301909