sebi:ORDER/SBM/VS/2022-23/16876-16884
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Facts / Headnote
Noticees held liable for violation of Sections 12A(a),(b),(c) of SEBI Act and Regulations 3(a),(b),(c),(d) and 4(1), 4(2)(b),(e) of PFUTP Regulations; monetary penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15I
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 4(a)
- Reg. 3(a)
Holding
The nine Noticees were held liable for manipulating the price of the scrip of Shree Global Tradefin Limited (SGTL) by repeatedly placing buy orders above the Last Traded Price and engaging in synchronized trades, thereby violating Sections 12A(a),(b),(c) of the SEBI Act and Regulations 3 and 4 of the PFUTP Regulations, and were held liable for monetary penalty under Section 15HA of the SEBI Act.
Full text
________________________________________________________________________________ Adjudication order in respect of 9 entities in the matter of Shree Global Tradefin Limited
________________________________________________________________________________ Adjudication order in respect of 9 entities in the matter of Shree Global Tradefin Limited
________________________________________________________________________________ Adjudication order in respect of 9 entities in the matter of Shree Global Tradefin Limited
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Source: SecMarx — sebi:ORDER/SBM/VS/2022-23/16876-16884. 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.