https://www.taxtmi.com/caselaws?id=776227 The SEBI Board found that the Noticee entity engaged in spoofing by placing and canceling large orders to manipulate market prices, violating multiple provisions of the SEBI Act and PFUTP Regulations. The entity executed trades on the opposite side after placing deceptive orders, causing market abuse and unlawful gains of INR 3.22 crores over three years. Executive directors were held vicariously liable. Interim orders were issued to impound unlawful gains, restrict trading and market access of the Noticees, and freeze their bank and demat accounts except for client-related transactions. Noticees were restrained from disposing of assets and required to provide a full asset inventory. SEBI directed an expeditious investigation and imposed these measures pending further orders, emphasizing the complexity and seriousness of order book manipulation in securities markets. en-us Mon, 28 Apr 2025 00:00:00 +0530 Tue, 05 Aug 2025 18:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776227 The SEBI Board found that the Noticee entity engaged in spoofing by placing and canceling large orders to manipulate market prices, violating multiple provisions of the SEBI Act and PFUTP Regulations. The entity executed trades on the opposite side after placing deceptive orders, causing market abuse and unlawful gains of INR 3.22 crores over three years. Executive directors were held vicariously liable. Interim orders were issued to impound unlawful gains, restrict trading and market access of the Noticees, and freeze their bank and demat accounts except for client-related transactions. Noticees were restrained from disposing of assets and required to provide a full asset inventory. SEBI directed an expeditious investigation and imposed these measures pending further orders, emphasizing the complexity and seriousness of order book manipulation in securities markets. Case-Laws SEBI Mon, 28 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776227