0108-2012 M-s. Prashant J. Patel vs Securities and Exchange Board of India
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Full text
“If the broker knows at the time of executing the trade what the client was up to, then obviously he is party to the mischief. Since the trading system maintains complete anonymity, brokers, as in the present case, plead that they were ignorant about the counter party or his broker at the time of executing the trade. In such a situation one has to look to the trading pattern and if the trades match too often or if the matching of the trades is noticed day after day and trade after trade, one can infer that the matching was done not by the system but by manipulating the same. In the abse
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI
Appeal No.108 of 2012 Date of Decision: 12.11.2012 M/s. Prashant J. Patel 21-28, Gokul Arcade, S.N. Road, Vile Parle (East), Mumbai – 400 057.
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Source: SecMarx — 0108-2012 M-s. Prashant J. Patel vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.