SEBI adjudicates market manipulation in Akash Infra-Projects
SEBI issued an adjudication order concerning market manipulation in the scrip of Akash Infra-Projects Limited.
SEBI continues to penalise scrip-specific market manipulation. Brokers and asset managers should verify trade surveillance thresholds and check for connected client activity in the named scrip.
Reinforces regulatory focus on manipulation in small-cap Indian equities, with implications for surveillance calibration.
Action Required
Review surveillance alerts and client trading in Akash Infra-Projects and reinforce manipulation controls.
Market manipulation enforcement is core to market integrity and surveillance obligations.
Backtest surveillance rules against Akash Infra-Projects pattern; confirm no client linkage to sanctioned parties.
“SEBI: Adjudication Order in the matter of market manipulation in the scrip of Akash Infra-Projects Limited.”