Acumen Capital Market (India) Limited

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Adjudication penalty upheld with no order as to costs

SAT-appeal

SAT matter SATV-13879D89ADB4CE2B3B9D59F5
Appeal disposed by adopting the same order as in Appeal No. 54 of 2010 decided on 13 September 2010.
Appeal: Appeal No. 140 of 2010 decided on 13 September 2010; disposed by reference to the order in Appeal No. 54 of 2010.
Circular / synchronized fictitious trades in K. Sera Sera Productions Ltd with other brokers creating artificial volumes, violating FUTP Reg 4 and broker code of conduct.
Appeal No. 54 of 2010 and Appeal No. 140 of 2010 dismissed · Adjudication penalty upheld with no order as to costs
Appeal: Appeal No. 54 of 2010 and 140 of 2010 dismissed on 13.9.2010

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Source: SecMarx — Acumen Capital Market (India) Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.