https://www.taxtmi.com/caselaws?id=302321 The Tribunal upheld the decision that the Appellants violated Regulations 3 and 4 of the PFUTP Regulations by engaging in non-genuine trades creating artificial volumes. The penalties imposed were upheld as appropriate, considering factors such as the number of trades, artificial volumes, and losses incurred. The judgment emphasized the importance of market integrity and deterrence of fraudulent practices. The appeals were dismissed, affirming the findings of non-genuine trading practices and justifying the penalties imposed. en-us Mon, 14 Sep 2020 00:00:00 +0530 Mon, 16 May 2022 20:58:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302321 The Tribunal upheld the decision that the Appellants violated Regulations 3 and 4 of the PFUTP Regulations by engaging in non-genuine trades creating artificial volumes. The penalties imposed were upheld as appropriate, considering factors such as the number of trades, artificial volumes, and losses incurred. The judgment emphasized the importance of market integrity and deterrence of fraudulent practices. The appeals were dismissed, affirming the findings of non-genuine trading practices and justifying the penalties imposed. Case-Laws SEBI Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302321