M/s Blue Peacock Securities Pvt. Ltd.

SAT-appeal

• Market manipulation through a deceptive “bait and switch” strategy: placing large buy orders below LTP to create artificial demand, selling near LTP, and cancelling unexecuted buy orders.
  Appeals Nos. 253 and 258 of 2018 were dismissed. · SEBI Adjudicating Officer penalty orders dated 14 December 2017 were upheld.
  Appeal: Appeal Nos. 253 and 258 of 2018 decided together and dismissed on 19 December 2019; prior related remand order dated 22 March 2016 mentioned.
• SAT matter SATV-1738FF79F9DAC52EDB03AAD3
  Impugned SEBI Adjudicating Officer order set aside · Matter restored to the SEBI Adjudicating Officer for a fresh order on merits and in accordance with law
  Appeal: Appeal No. 421 of 2014 disposed of by SAT on 22 March 2016; impugned order set aside and matter remanded to SEBI's Adjudicating Officer.
• Bait and Switch order-book manipulation by placing large buy orders below LTP to show artificial demand while selling on opposite side then cancelling buys.
  AO imposed penalties challenged before SAT; SAT final disposal truncated in provided text
  Appeal: Appeal Nos. 253 and 258 of 2018 with Misc Application 580/2019, decision 19.12.2019 reserved 22.11.2019; prior Appeal 421/2014 remanded 22.03.2016