sebi:EAD/BJD/BKM/77/2017-18
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Facts / Headnote
Noticee found in violation of PFUTP Regulations; matter remanded by SAT for fresh order on merits
Provisions invoked
- s. 15
- s. 15H
- s. 15I
- s. 15J
- s. 15F
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 200
- Reg. 3(a)
- Reg. 3(c)
- Reg. 3(b)
- Reg. 4(2)(a)
- Reg. 3(d)
Parties
- M/s Yes Investments (Proprietor: Mr. Vishal Kishore Bhatia)
Holding
The Noticee (M/s Yes Investments) was found to have indulged in fraudulent and unfair trade practices by manipulating the order book through placement of large away-from-market buy orders to create artificial demand, and then selling shares while those orders were pending. The Adjudicating Officer concluded the Noticee violated Regulation 3 and Regulation 4 of the PFUTP Regulations.
Full text
_____________________________________________________________________________________ Adjudication Order against M/s Yes Investments in dealings of Vishal K Bhatia., Page 2 of 23
_____________________________________________________________________________________ Adjudication Order against M/s Yes Investments in dealings of Vishal K Bhatia., Page 3 of 23
_____________________________________________________________________________________ Adjudication Order against M/s Yes Investments in dealings of Vishal K Bhatia., Page 4 of 23
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Source: SecMarx — sebi:EAD/BJD/BKM/77/2017-18. 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.