sebi:EAD-2/AO/63/2012
Facts / Headnote
Penalty imposed on the Noticee for violations of PFUTP Regulations
Provisions invoked
- s. 15
- s. 15H
- s. 15J
Regulations relied on
- SEBI (PFUTP) Regulations, 2003 — 3(a)
Holding
The Noticee was found to have violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) & (e) of the PFUTP Regulations by engaging in fraudulent trades in the scrip of TSWL, and a penalty of Rs. 2,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
Page 2 of 9 other one way or the other, had dealt in the scrip of TSWL in a fraudulent and manipulative manner during the period under investigation that created false and misleading appearance of trading, artificial volume and price manipulation in the scrip facilitating the promoters to offload their shareholding.
Page 3 of 9 6. SCN alleged that the Noticee along with a group of entities connected to each other one way or the other and to TSWL indulged in synchronized / structured / circular trades, created artificial volume, manipulated the price of the scrip of TSWL and facilitated promoter entities to offload their shareholding.
Page 4 of 9 a) Whether the Noticee has violated the provisions of Regulations 3 (a), (b), (c), (d), 4 (1) and 4 (2) (a) & (e) of PFUTP Regulations? b) Does the violation, if any, on the part of the Noticee attract any
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:EAD-2/AO/63/2012. 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.