SEBI- SAT order A case of confirmation of penalty for alleged violation of large number of provisions without specifying exact violation and provision under which penalty was imposed - gross illegality and carelessness in penalty proceeding by SEBI.

SEBI- SAT order A case of confirmation of penalty for alleged violation of large number of provisions without specifying exact violation and provision under which penalty was imposed - gross illegality and carelessness in penalty proceeding by SEBI. https://www.taxtmi.com/article/detailed?id=10494 Allegations involve confirmation of penalties under the PFUTP Regulations for reversal trades and alleged artificial volumes in illiquid options, where adjudicatory proceedings were initiated long after the trading period. The article argues such delayed enforcement suggests time barred or unjustified penalties, noting absence of pleaded fraud, victim complaints, or contemporaneous regulatory detection, and contends that sanctioning traders for trades permitted on exchange terminals raises concerns of procedural fairness and regulatory accountability. en-us Thu, 30 Jun 2022 09:36:56 +0530 Thu, 30 Jun 2022 09:36:56 +0530 TaxTMI RSS Generator SEBI- SAT order A case of confirmation of penalty for alleged violation of large number of provisions without specifying exact violation and provision under which penalty was imposed - gross illegality and carelessness in penalty proceeding by SEBI. https://www.taxtmi.com/article/detailed?id=10494 Allegations involve confirmation of penalties under the PFUTP Regulations for reversal trades and alleged artificial volumes in illiquid options, where adjudicatory proceedings were initiated long after the trading period. The article argues such delayed enforcement suggests time barred or unjustified penalties, noting absence of pleaded fraud, victim complaints, or contemporaneous regulatory detection, and contends that sanctioning traders for trades permitted on exchange terminals raises concerns of procedural fairness and regulatory accountability. Articles Corporate Laws / IBC / SEBI Thu, 30 Jun 2022 09:36:56 +0530 https://www.taxtmi.com/article/detailed?id=10494