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    <title>Market Manipulation: Painting the tape enforcement actions</title>
    <link>https://marketmanipulation.org/cases/technique/painting-the-tape/</link>
    <description>The 2 most recent enforcement records tagged painting the tape in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.</description>
    <language>en-us</language>
    <lastBuildDate>Thu, 20 Mar 2025 00:00:00 GMT</lastBuildDate>
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      <title>SEBI v. Soumen Mitra and Sanjoy Kumar Dey (V B Industries, remand order, 2025)</title>
      <link>https://marketmanipulation.org/cases/sebi-92783-market-abuse-2025/</link>
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      <description>In March 2025 a SEBI adjudicating officer cleared Soumen Mitra and Sanjoy Kumar Dey of PFUTP charges, after the Securities Appellate Tribunal remanded a 2023 order that had fined each Rs 6 lakh. They were alleged to be directors of two companies that gave a false appearance of trading in V B Industries shares, but the officer gave them the benefit of doubt.</description>
      <pubDate>Thu, 20 Mar 2025 00:00:00 GMT</pubDate>
      <category>SEBI</category>
      <category>painting-the-tape</category>
    </item>
    <item>
      <title>SEBI v. Ethan Constructions Pvt Ltd and others (Sanguine Media volume allegation, 2022)</title>
      <link>https://marketmanipulation.org/cases/sebi-63562-wash-trading-2022/</link>
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      <description>A SEBI adjudicating officer on 30 September 2022 disposed of a show cause notice against 17 noticees accused of using connected accounts to inflate trading volume in Sanguine Media shares, imposing no penalty. The order finds the investigation did not establish the claimed pattern of manipulation.</description>
      <pubDate>Fri, 30 Sep 2022 00:00:00 GMT</pubDate>
      <category>SEBI</category>
      <category>painting-the-tape</category>
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