sebi:WTM/MPB/EFD1-DRA4/31/2019
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Facts / Headnote
Restrained Mr. Jayesh Kanungo from accessing the securities market and from buying, selling or otherwise dealing in securities for a period of two years from the date of the order; existing holdings frozen.
Provisions invoked
- s. 11
- s. 19
Regulations
- Reg. 4
- Reg. 3
- Reg. 4(1)
- Reg. 3(a)
Parties
- Mr. Jayesh Kanungo
Holding
The Noticee, Mr. Jayesh Kanungo, was held to have manipulated the price of the scrip of Grandma Trading and Agencies Ltd. and created a misleading appearance of trading by executing five sell trades of miniscule quantity (100 shares total) over the LTP during April 4, 2012 to June 12, 2013, in violation of Regulations 3(a), (b), (c), (d) and 4(1), 4(2)(a), 4(2)(e) of the PFUTP Regulations, and was restrained from accessing the securities market for two years.
Full text
Order in the matter of Grandma Trading and Agencies Ltd. Page 2 of 13 Regulations, 2003 (hereinafter referred to as “PFUTP Regulations”) by certain entities in the scrip of GTAL during the period April 4, 2012 to March 13, 2015 (hereinafter referred to as “Investigation Period”).
Order in the matter of Grandma Trading and Agencies Ltd. Page 3 of 13 Period Particulars Open High Low Close Avg. Volume per day Patch I April 4, 2012 – June 12, 2013
Order in the matter of Grandma Trading and Agencies Ltd. Page 4 of 13 Sl. no Seller Name Total No. of trade s (LTP >0) Total no. of
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Source: SecMarx — sebi:WTM/MPB/EFD1-DRA4/31/2019. 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.