Manish Mathur

SAT-appeal

• Abetting artificial volumes through synchronized, structured and circular trading in 12 scrips with entities linked to the Mehta Group, constituting fraudulent and unfair trade practices.
  Appeal disposed of; penalty order otherwise upheld. · Appellant directed to pay Rs.3 lakh penalty to SEBI by 31 December 2016.
  Appeal: Appeal No. 332 of 2014 disposed of on 3 October 2016; penalty upheld with additional time for payment.
• Procedural deficiencies in KYC and agreements, anti-money-laundering compliance, SEBI circular compliance, margin collection/reporting, client account analysis, funds/securities handling, balances, and third-party receipts.
  Appeal disposed of · SEBI penalty upheld in principle but reduced from Rs. 1,50,000 to Rs. 50,000
  Appeal: Appeal No. 148 of 2013, decided on 10 October 2013; disposed of with penalty reduced
• Synchronized/structured/circular and reversal trades in Asian Star Company Ltd creating artificial volumes and price impact, facilitated by COO via Mehta Group client accounts.
  Upholds WTM order on merits against appellant · Restricts debarment imposed on appellant till 31 December 2016
  Appeal: Appeal No. 246 of 2014 disposed on 03/10/2016 - merits upheld, debarment curtailed till 31/12/2016
• Alleged link/financier for Mehta Group circular/reversal synchronized trades creating artificial volume and price rise in Asian Star Company Ltd scrip.
  Appeal: Appeal No. 10 of 2013, Order Reserved On 08.10.2013, Date of Decision 31.10.2013