Indian Stock market regulator SEBI has imposed a fine of Rs. 3.5 lakh on a broker, ISSL, for carrying out manipulating trades in scrips of Videocon and NRB Bearings between May 1 and June 15, 2004.
SEBI’s adjudicating order held that trades entered into were synchronised, amounting to “fraudulent” and “unfair” trade practice.
No comments:
Post a Comment