US EditionSebi bars Sanjiv Bhasin, 11 others for fraudulent trading, orders impounding ₹11.37 crore
5 Articles
5 Articles
Sebi bars Sanjiv Bhasin, 11 others for fraudulent trading, orders impounding ₹11.37 crore
Sebi alleged that Bhasin, a guest on media channels, placed buy orders through trading accounts of related entities shortly before recommending the same stocks on business channels and IIFL’s Telegram channel. Once the shares rose, he would sell them contrary to his recommendations.
From stock tips to astro tips! Sanjiv Bhasin turned astrologer before Sebi ban
Sanjiv Bhasin, once a prominent stock market voice, turned to astrology on social media just months before SEBI barred him in a stock manipulation case. The regulator has accused Bhasin of front-running trades and misleading investors, ordering disgorgement of Rs 11.37 crore in alleged gains.
SEBI Cracks Down: Sanjiv Bhasin, 11 Others Banned; INR 11.4 Crore Impounded
Market commentator Sanjiv Bhasin and eleven other individuals and firms have been banned by the Securities and Exchange Board (SEBI), which oversees capital markets, for engaging in front-running and manipulating the market.Additionally, the regulator has ordered that these parties forfeit more than INR 11.4 crore in illegal earnings that were purportedly obtained from these crimes.These persons have participated in market manipulation through s…
Market regulator SEBI has banned Sanjeev Bhasin and several of his associates, who have long been associated with IIFL Securities, from entering the equity market. They have been banned from buying, selling or dealing in equities directly or indirectly. SEBI has banned these people for defrauding the market. SEBI said in its investigation that these people were making money illegally under the pump and dump scheme on shares. SEBI's investigation…
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