sebi:PM/NR/2020-21/10476-10477
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Facts / Headnote
Noticees held liable for violation of Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations, 2003; penalty imposed under Section 15HA of SEBI Act
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
- Reg. 13(4)
- Reg. 200
- Reg. 30(4)
Parties
- Sushma Chaudhary
- Prerna Chaudhary
Holding
The Noticees violated Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a) and (e) of SEBI (PFUTP) Regulations, 2003 by repeatedly selling minuscule quantities of MTCL shares at prices above LTP while larger buy orders were pending, thereby creating a misleading appearance of trading and manipulating the price.
Full text
Adjudication Order in respect of Sushma Chaudhary and Prerna Chaudhary in the matter of Malabar Trading Company Ltd., Page 2 of 29
Adjudication Order in respect of Sushma Chaudhary and Prerna Chaudhary in the matter of Malabar Trading Company Ltd., Page 3 of 29
Adjudication Order in respect of Sushma Chaudhary and Prerna Chaudhary in the matter of Malabar Trading Company Ltd., Page 4 of 29
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Source: SecMarx — sebi:PM/NR/2020-21/10476-10477. 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.