Uma Shankar Gupta

SAT-appeal

• Executing synchronized/reversal trades in Rodium Realty Ltd. shares, without genuine change in ownership, creating artificial trading volume and violating the FUTP Regulations.
  Appeals 347 to 350 of 2014 were disposed of by modifying the penalty imposed on each appellant. · Penalty for each of the four appellants was reduced from Rs. 10 lakh to Rs. 5 lakh.
  Appeal: Appeal Nos. 347, 348, 349 and 350 of 2014 disposed of by common SAT order dated 30 September 2015
• Executing synchronized/reversal trades in Rodium Realty Ltd. that created artificial trading volume and constituted fraudulent and unfair trade practices.
  Four appeals were disposed of by modifying the penalty imposed on each appellant from Rs. 10 lakh to Rs. 5 lakh. · Each appellant was directed to pay Rs. 5 lakh to SEBI.
  Appeal: Appeal Nos. 347, 348, 349 and 350 of 2014 disposed of on 30 September 2015 by modifying the penalties; no costs.
• Synchronized/reversal trades in Rodium Realty Ltd scrip creating artificial volume without change of ownership, violating PFUTP Regulations.
  Guilt for synchronized/reversal trades upheld for all six noticees · Penalty reduced from Rs 10 lakh to Rs 5 lakh each for four appellants
  Appeal: Appeal Nos.347,348,349 and 350 of 2014 disposed of on 30 September 2015 by common order modifying penalty
• Synchronized / reversal trades in Rodium Realty Ltd creating artificial volume without intention to perform or change ownership of shares.
  Conviction under FUTP Regulations upheld for all appellants · Penalty reduced from Rs 10 lakh to Rs 5 lakh per appellant
  Appeal: Appeal Nos. 347, 348, 349, 350 of 2014 disposed of on 30.09.2015 by common order modifying penalty