M/s Yes Investments

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI Adjudicating Officer penalty orders dated 14 December 2017 were upheld.
AO imposed penalties challenged before SAT; SAT final disposal truncated in provided text

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.
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
Fraudulent/unfair trade practice attracting Section 15HA penalty (specific conduct not detailed in SAT order)
Condoned 20 days delay in filing Appeal No. 420 of 2014 vide Misc. Application No. 189 of 2014 · Quashed and set aside AO order dated August 27, 2014
Appeal: Appeal No. 420 of 2014 against AO order dated 27.08.2014 disposed of on 22.03.2016 by remand for fresh adjudication

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Source: SecMarx — M/s Yes Investments. 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.