https://www.taxtmi.com/caselaws?id=458139 SEBI Board found that 17 entities engaged in manipulative trading practices in GIL scrips, creating artificial volume through synchronized trades and off-market transfers without actual change in ownership. The entities violated SEBI regulations by distorting market equilibrium and misleading genuine investors. Despite monetary penalties already imposed by adjudicating officer, SEBI determined that given the grave nature of contraventions and their potential to disturb market integrity, additional restraint was necessary. The Board permanently prohibited these entities from accessing securities market and dealing in securities, with prohibition period running concurrently with existing restraints in other similar matters. en-us Mon, 04 Jan 2016 00:00:00 +0530 Wed, 09 Oct 2024 14:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458139 SEBI Board found that 17 entities engaged in manipulative trading practices in GIL scrips, creating artificial volume through synchronized trades and off-market transfers without actual change in ownership. The entities violated SEBI regulations by distorting market equilibrium and misleading genuine investors. Despite monetary penalties already imposed by adjudicating officer, SEBI determined that given the grave nature of contraventions and their potential to disturb market integrity, additional restraint was necessary. The Board permanently prohibited these entities from accessing securities market and dealing in securities, with prohibition period running concurrently with existing restraints in other similar matters. Case-Laws SEBI Mon, 04 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458139