https://www.taxtmi.com/caselaws?id=461236 Repeated buy orders placed above the last traded price in an illiquid scrip, followed by deletion of unexecuted quantities, were found to have artificially pushed prices upward and created a misleading appearance of liquidity and market interest. SEBI treated the trading pattern as manipulative and fraudulent conduct within the PFUTP Regulations, with the repeated nature of the trades and their market impact supporting the finding. On penalty, the conduct was held liable to monetary sanction under the SEBI Act, with repetitive default and market effect considered in the assessment. en-us Fri, 09 Jun 2017 00:00:00 +0530 Sun, 23 Mar 2025 14:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461236 Repeated buy orders placed above the last traded price in an illiquid scrip, followed by deletion of unexecuted quantities, were found to have artificially pushed prices upward and created a misleading appearance of liquidity and market interest. SEBI treated the trading pattern as manipulative and fraudulent conduct within the PFUTP Regulations, with the repeated nature of the trades and their market impact supporting the finding. On penalty, the conduct was held liable to monetary sanction under the SEBI Act, with repetitive default and market effect considered in the assessment. Case-Laws SEBI Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461236