https://www.taxtmi.com/caselaws?id=312297 SEBI found nine entities guilty of market manipulation in scrip trading during October 2012 to June 2013. The entities executed trades with connected parties, consistently buying at higher prices on subsequent days despite lower-priced shares being available, creating artificial price rises. SEBI determined this pattern was manipulative and fraudulent, violating PFUTP Regulations. The Board imposed seven-year market access bans on all nine entities, prohibiting them from buying, selling, or dealing in securities directly or indirectly, with existing securities holdings frozen during the restraint period. en-us Tue, 14 May 2019 00:00:00 +0530 Sat, 10 Feb 2024 16:00:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312297 SEBI found nine entities guilty of market manipulation in scrip trading during October 2012 to June 2013. The entities executed trades with connected parties, consistently buying at higher prices on subsequent days despite lower-priced shares being available, creating artificial price rises. SEBI determined this pattern was manipulative and fraudulent, violating PFUTP Regulations. The Board imposed seven-year market access bans on all nine entities, prohibiting them from buying, selling, or dealing in securities directly or indirectly, with existing securities holdings frozen during the restraint period. Case-Laws SEBI Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312297