https://www.taxtmi.com/caselaws?id=757152 Advance sharing of non-public, market-moving stock recommendation information with selected traders, followed by trading before telecast and square-off after broadcast, was found prima facie to amount to manipulative, fraudulent and unfair trade practices. The pattern was supported by chats, call records, bank transfers, device recovery, travel records and recorded statements, showing use and communication of non-public information for unlawful gains. On that basis, interim ex parte restraint, preservation of records, impounding of quantified wrongful gains, deposit into escrow, and joint and several responsibility for the attributed gains were ordered to protect investors and market integrity pending further proceedings. en-us Thu, 08 Feb 2024 00:00:00 +0530 Fri, 16 Aug 2024 15:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757152 Advance sharing of non-public, market-moving stock recommendation information with selected traders, followed by trading before telecast and square-off after broadcast, was found prima facie to amount to manipulative, fraudulent and unfair trade practices. The pattern was supported by chats, call records, bank transfers, device recovery, travel records and recorded statements, showing use and communication of non-public information for unlawful gains. On that basis, interim ex parte restraint, preservation of records, impounding of quantified wrongful gains, deposit into escrow, and joint and several responsibility for the attributed gains were ordered to protect investors and market integrity pending further proceedings. Case-Laws SEBI Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757152