The Supreme Court in a landmark judgement ruled on whether synchronized/reversal trades executed in the futures and options segment of the stock exchange violate the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 (PFUTP Regulations).
The parties-respondents in these appeals before the court were traders Rakhi Trading, Tungarli Tradeplace and TLB and brokers Indiabulls, Angel Broking and Prashant Jayantilal.
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