India

SEBI (PFUTP) Regulations, 2003 form the most effective piece of legislation in India to curb capital market malpractices such as market manipulation, manipulation of prices, and collusion of traders in the capital markets. As per the rules under enforcement by SEBI, the market participants are prohibited from creating artificial volumes of trades, indulging in front-running activities, or indulging in deceptive pump-and-dump practices that deceive the investment community. Highly updated in order to deal with modern-age manipulation practices, the PFUTP regulations enable SEBI to monitor colluding mule account operations, break manipulative loop algorithms, and impose disgorgement penalties of crores on the unregistered finfluencers utilizing social media networks.