2017-TIOLCORP-07-SEBI
BP Fintrade Pvt Ltd
Whether self-trades constituting low fraction of the total trading volume in the scrip, should be considered to be manipulative under PFUTP regulations, when evidence of ‘material market harm' is absent - NO: SEBI
Whether unintentional random trades on either side of direction of price should be construed as manipulative - NO: SEBI
Whether to decide self-trades are fraudulent or not would depend upon case to case - YES: SEBI
Whether self trade in stock of a particular can be per-se illegal when it constitutes miniscule quantity out of the total trading and there was no perceived advantage in creating artificial volume - NO: SEBI
Whether the necessity of 'Intent' and the element of 'fraud' are a pre-requisite for application of PFUTP Regulations - YES: SEBI
Whether mere sharp fall in the price of scrip of a company is attributable to snchronized trading, when it resulted out of liquidation of shares pledged by promoter with the pledgee - NO: SEBI
Whether self-trades arising due to technicalities of anonymous online trading system not causing significant impact on last traded price of the scrip is is valid - YES: SEBI
- Disposed of: SECURITIES AND EXCHANGE BOARD OF INDIA
