Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case
2 years, 9 months ago

Sebi Bans 6 Persons from Securities Markets in IIFL Group Front Running Case

News 18  

Markets regulator Sebi on Friday barred six persons from the securities market for up to five years for front running the trades of India Infoline Group. In its order, Sebi has barred Santosh Brijraj Singh, who was a dealer of IIFL Group entity and Adil Gulam Suthar from the market for five years, while it prohibited mule account holders — Virendra Pratap Singh, Neha Virendra Singh, Gulammohammed Gulamabbas Shaikh and Mohammedidrish A Shaikh for two years. It further noted that Santosh B Singh and Adil Gulam Suthar placed orders from the trading accounts of the mule account holders — Virendra Pratap Singh, Neha Virendra Singh, Gulammohammed Gulamabbas Shaikh and Mohammedidrish A Shaikh. The regulator found that Santosh Brijraj Singh and Adil Gulam Suthar with the help and cooperation of Virendra Pratap Singh, Neha Virendra Singh, Gulammohammed Gulamabbas Shaikh and Mohammedidrish A Shaikh employed a pre-determined scheme to front-run the impending orders of the big clients. The order came after the Securities and Exchange Board of India based on a surveillance alert initiated a preliminary examination in the present matter against Virendra Pratap Singh and Neha Virendra Singh, who were suspected to be front running the trades of India Infoline Asset Management Ltd.

Orders Order Running Singh Group Sebi Santosh Iifl Persons Virendra Adil Gulam Iifl Group Mohammedidrish A Noticees Santosh Brijraj Singh Gulam Suthar Gulamabbas Shaikh Virendra Pratap Singh Neha Virendra Singh Gulammohammed Gulamabbas Shaikh  order  virendra  sebi  iifl  adil  markets  securities  persons  trades  case  bans  singh  santosh  group  running  gulam  orders

History of this topic

SEBI Cracks Down On Finfluencer Asmita Patel And 5 Other Entities, Bars Them From Capital Markets
Trending News
1 month, 3 weeks ago

SEBI Cracks Down On Finfluencer Asmita Patel And 5 Other Entities, Bars Them From Capital Markets

ABP News  

The Securities and Exchange Board of India has placed a ban on six entities from the capital markets including finfluencer Asmita Patel for allegations regarding unregistered investment advisory services. The capital markets regulator directed the entities to surrender over Rs 53 crore collected as fees course from participants for several courses, reported PTI. SEBI issued an interim order and show …

Who is Asmita Patel? YouTuber dubbed as ‘She-Wolf of Stock Market’ faces SEBI ban
1 month, 3 weeks ago

Who is Asmita Patel? YouTuber dubbed as ‘She-Wolf of Stock Market’ faces SEBI ban

Hindustan Times  

The Securities and Exchange Board of India has banned YouTuber Asmita Jitesh Patel and her trading school for offering unregistered investment advice. The outlet added that investors lost crores after following her “stock tips.” YouTuber Asmita Jitesh Patel and her trading school faced a SEBI ban. SEBI impounded an amount of ₹53.6 crore from Asmita Patel, her Global School of …

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report
2 months ago

SEBI fines Motilal Oswal ₹7 lakh for violating stock brokerage regulations: Report

Live Mint  

India's capital market regulator, the Securities and Exchange Board of India, on Thursday, January 30, fined the brokerage Motilal Oswal Financial Services ₹7 lakh after conducting an investigation over an alleged violation of stock brokerage regulations, reported multiple media outlets. “After taking into consideration the facts and circumstances of the case, materials available on record, submissions made by the Noticee …

Front running case: Sebi bans 2 persons from securities market for 6-month
2 months ago

Front running case: Sebi bans 2 persons from securities market for 6-month

Live Mint  

New Delhi, Markets regulator Sebi on Tuesday restrained two persons from the securities market for six months and directed them to disgorge ₹34.26 lakh "wrongful gains" made by them through their involvement in front-running activities. Ltd. in the cash market and equity derivatives segments of NSE by its dealer Kadam in the trading account of Bhatkar based on the impending …

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price
2 months, 2 weeks ago

Sebi bars smallcap firm and related entities from trading after alarming surge in stock price

Live Mint  

The Securities and Exchange Board of India has temporarily restrained the trading activities of Pacheli Industrial Finance Ltd following an alarming surge in the Mumbai-based company’s stock price and questions surrounding its financial dealings. “Situations like the one at hand raise fundamental questions about Sebi’s role as the securities market regulator, statutorily mandated to safeguard the interest of the investors,” …

SEBI bans Ketan Parekh again for new front-running scam allegations
2 months, 4 weeks ago

SEBI bans Ketan Parekh again for new front-running scam allegations

Hindustan Times  

Market regulator Securities and Exchange Board of India has banned former stock broker Ketan Parekh from buying and selling securities again. SEBI had investigated the trades undertaken by individuals and brokers associated with Parekh over a two-year period which ended on June 2023 Parekh was behind one of the worst financial scandals in India's history at the turn of the …

Sebi bans Ketan Parekh, 2 others from securities markets over involvement in front-running scheme
2 months, 4 weeks ago

Sebi bans Ketan Parekh, 2 others from securities markets over involvement in front-running scheme

Live Mint  

Markets regulator Sebi on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of ₹65.77 crore. The regulator also restrained Ketan Parekh, Rohit Salgaocar and Ashok Kumar Poddar from associating with any intermediary registered with Sebi, either directly or indirectly, with immediate effect. …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
3 months, 1 week ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
3 months, 1 week ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
3 months, 1 week ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine
3 months, 1 week ago

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine

Live Mint  

The Securities and Exchange Board of India has banned YouTube finfluencer Ravindra Balu Bharti and his company from dealing in or accessing the securities markets until April 4, 2025, and slapped a ₹9.49 crore fine for “unlawful gains,” according to a PTI report. Bharti and his three associates allegedly ran an unregistered investment advisory business under the name Ravindra Bharti …

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms
4 months ago

SEBI imposes ₹9 lakh penalty on Reliance Securities for breaching market, stock broker norms

Live Mint  

Capital markets regulator Securities and Exchange Board of India on Friday, November 29, penalized Reliance Securities with ₹9 lakh for flouting market norms and stock broker rules. The order came after the regulator and exchanges, NSE and BSE, conducted a thematic onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd, a …

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’
4 months ago

SEBI imposes ₹9 lakh fine on Reliance Securities for ‘flouting market norms’

Hindustan Times  

The Securities and Exchange Board of India on Friday imposed a ₹9 lakh monetary penalty on Reliance Securities for “flouting market norms” and stock broker rules. According to a PTI report,the market regulator's order came after National Stock Exchange and Bombay Stock Exchange carried out a thematic onsite inspection of the books of accounts, records and other documents of authorised …

Sebi proposes revisions to custodian regulations
4 months, 2 weeks ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

SEBI tightens noose on insider trading
6 months ago

SEBI tightens noose on insider trading

The Hindu  

In a bid to tighten the noose on insider trading, the Securities and Exchange Board of India on Monday decided to expand the definition of “connected persons” who have access to price sensitive information. According to the decision ratified by the board, a connected person would now include “a firm or its partner or its employee in which a ‘connected …

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading
6 months, 1 week ago

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading

Live Mint  

Senior Congress leader Rahul Gandhi said on Tuesday, September 24, that capital markets regulator Securities and Exchange Board of India must reveal the names of the ‘big players’ who have been making profits at the expense of small retail investors. Amid the Congress vs SEBI row where the opposition has repeatedly attacked SEBI chairperson Madhabi Puri Buch over corruption charges, …

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance
6 months, 4 weeks ago

SEBI Cancels Registration Of 39 Stock Brokers, 7 Commodity Brokers, And 22 Depository Participants For Non-Compliance

Live Law  

The Securities and Exchange Board of India has cancelled the registration of 39 stock brokers, seven commodity brokers, and 22 depository participants. SEBI clarified that these brokers and depository participants remain accountable for any actions taken or omitted during their tenure as registered entities. According to these regulations, stock brokers must maintain membership with a recognized exchange, and depository participants …

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures
7 months, 1 week ago

SEBI Imposes Rs 11 Lakh Fine On IIFL Securities For Compliance Failures

Live Law  

The Securities and Exchange Board of India has levied a fine of Rs 11 lakh on IIFL Securities Limited for breaches of various regulatory guidelines under the Securities Contracts Rules and associated SEBI circulars. The SEBI order highlighted that IIFL Securities violated multiple provisions related to margin trading and client fund management. The broker was found to have transferred securities …

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months, 1 week ago

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations

Live Mint  

Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. In its 35-page order, Sebi noted that IIFL Securities acknowledged …

SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data
7 months, 4 weeks ago

SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

Live Law  

The Securities and Exchange Board of India has imposed a fine of ₹3 lakh on IIFL Securities for failing to maintain due diligence and care in its role as market intermediaries. This penalty arose from the mishandling of client data related to domicile information which impacted stamp duty obligations. Between July 2020 and June 2022, IIFL Securities registered 12,101 instances …

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System
8 months, 1 week ago

SEBI Fines IFGL Rs. 4 Lakh For Regulatory Breaches And Deficient Investor Grievance System

Live Law  

The Securities and Exchange Board of India has fined Delhi-based Indian Finance Guaranty Ltd Rs. The primary issues identified included IFGL's engagement in fund-based activities and multiple deficiencies in its investor grievance redressal system. SEBI mandates that stock brokers must provide a designated email ID exclusively for investor grievances, yet IFGL used the personal email of its CEO and compliance …

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%
9 months ago

IIFL Securities turns bearish after SEBI investigates Sanjiv Bhasin’s role in stock manipulation, stock crashes 10%

Live Mint  

Shares of domestic brokerage IIFL Securities turned bearish soon after capital markets regulator Securities and Exchange Board of India initiated a probe into Sanjiv Bhasin's role in stock market manipulation. Bhasin, who regularly provides stock trading suggestions on various business news channels, was associated with IIFL Securities as a consultant on a contractual basis. The report quoted IIFL Securities in …

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts
9 months, 3 weeks ago

SEBI Mandates Direct Transfer Of Securities To Client Demat Accounts

Live Law  

The Securities and Exchange Board of India has issued new guidelines mandating the direct transfer of securities to clients' demat accounts by clearing corporations. The existing practice involves brokers pooling securities received in payout and then crediting them to respective client demat accounts. Under the new guidelines, clearing corporations are required to provide a mechanism for trading members/clearing members to …

Sebi to implement facility of ‘voluntary blocking’ of trading accounts
1 year, 2 months ago

Sebi to implement facility of ‘voluntary blocking’ of trading accounts

Live Mint  

Securities and Exchange Board of India has planned to offer the facility of voluntary freezing or blocking of the ‘Trading Accounts’ by clients as it is available in Demat accounts, ATMs, and Credit Cards. In a circular on Friday, the stock market regulator said, “It has been observed that at times, suspicious activities are noticed by the investors but the …

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why
1 year, 7 months ago

SEBI bars Brightcom’s top officials from holding directorial posts; here’s why

Live Mint  

Capital markets regulator Securities and Exchange Board of India said in an interim order on Tuesday, August 22, that it has found lapses in Brightcom Group Limited preferential issue of shares. SEBI has barred Suresh Kumar Reddy - the promoter-cum-chairman and managing director of Brightcom Group, along with chief financial officer Narayan Raju from holding directorial posts until further notice. …

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades
1 year, 9 months ago

Sebi slaps Rs 20 lakh on 4 entities for non-genuine trades

India TV News  

Capital markets regulator Sebi on Thursday slapped penalties totalling Rs 20 lakh on four entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator imposed a fine of Rs 5 lakh each on Niruben Manojbhai Chudasama, Raj Kumar Lohiya, Nufact Merchandise Pvt Ltd and Nitu Agarwal. Sebi had observed large-scale reversal trades in the …

IIFL Securities shares tank over 18% on Sebi order
1 year, 9 months ago

IIFL Securities shares tank over 18% on Sebi order

Live Mint  

IIFL Securities share price plunged over 18% in early deals on Tuesday after capital market regulator Securities and Exchange Board of India barred the company from taking new clients for 2 years. However, IIFL Securities said that the Sebi’s order does not affect the company's existing business with the existing clients. Read Here: SEBI bars IIFL Securities from taking new …

SEBI bars IIFL Securities from taking new clients for 2 years
1 year, 9 months ago

SEBI bars IIFL Securities from taking new clients for 2 years

Live Mint  

Market regulator Securities and Exchange Board of India on Monday barred IIFL Securities from taking new clients for 2 years. In its probe, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the …

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades
1 year, 11 months ago

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades

Live Mint  

The Securities and Exchange Board of India levied penalties amounting to ₹25 lakh on five entities for engaging in fraudulent transactions in the illiquid stock options segment on the Bombay Stock Exchange. As per media reports, in five separate orders, the watchdog levied a fine of ₹5 lakh each on Natraj Dealtrade, Queen Tie-Up Pvt Ltd, Octagon Merchants, Noble Tradelink …

Explained | How is the stock market regulated in India?
2 years, 1 month ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

Sebi’s plan to separate brokers from your money
2 years, 3 months ago

Sebi’s plan to separate brokers from your money

Live Mint  

In the third week of October, brokers from across India had gathered at the Taj Lands End hotel in Mumbai for their first mega physical gathering since the onset of the pandemic. If Sebi’s plans go ahead, brokers will only execute buy or sell trades and no money from an investor’s bank account will go into a broker’s account. How …

Sebi bars 3 individuals from securities market for illegal investment advisory
2 years, 7 months ago

Sebi bars 3 individuals from securities market for illegal investment advisory

Live Mint  

Markets regulator Securities and Exchange Board of India on 31 August banned three individuals from the securities markets for providing unauthorised investment advisory services. The latest proceedings took place after SEBI issued a show cause notice dated 31 July, 2021 to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were …

Sebi penalises Aadhaar Ventures, its directors for flouting market norms
2 years, 7 months ago

Sebi penalises Aadhaar Ventures, its directors for flouting market norms

Live Mint  

Sebi on Monday levied fines on Aadhaar Ventures India Ltd and its directors for violating insider trading rules and listing conditions. Sebi imposed a fine of ₹10 lakh on Aadhaar Ventures India Ltd, its directors -- Jils Raichand Madan, Somabhai Sunderbhai Meena and Jyoti Munver for disclosure lapses. Sebi conducted an early investigation for alleged price manipulation in the scrip …

SEBI attaches demat, bank accounts of individual in Acclaim Industries case
2 years, 9 months ago

SEBI attaches demat, bank accounts of individual in Acclaim Industries case

Live Mint  

The Securities and Exchange Board of India on Thursday ordered attachment of bank accounts as well as share and mutual fund accounts of an individual to recover investors' dues totaling ₹73.58 lakh in the matter related to trading in Acclaim Industries shares. The recovery proceedings against Abhishek Mehta for ₹73.58 lakh includes interest of 12 per cent per annum i.e. …

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case
2 years, 9 months ago

Sebi Imposes Rs 7-Crore Fine on NSE, Rs 5 Cr Each on Chitra Ramkrishna, Ravi Narain in 'Dark Fibre' Case

News 18  

New Delhi: Capital markets regulator Sebi has penalised total 18 entities, including National Stock Exchange and its former chiefs Chitra Ramkrishna and Ravi Narain in the ‘dark fibre’ case. The case relates to the alleged differential access given to certain broking firms in the form of ‘dark fibre’ at NSE, to connect across the colocation facilities before other members. “W2W …

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
3 years, 1 month ago

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market

India Today  

Sebi on Friday restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company. The order noted that the company's Key Managerial Persons like Executive Director and CEO Ravindra Sudhalkar and the CFOs -- Amit Bapna and Pinkesh R Shah -- "instead of bringing such misdeeds to …

Sebi fines six entities ₹30 lakh in illiquid stock options case
3 years, 3 months ago

Sebi fines six entities ₹30 lakh in illiquid stock options case

Live Mint  

Securities and Exchange Board of India has imposed a penalty of ₹5 lakh each on six entities, totalling ₹30 lakh, for non-genuine trades in illiquid stock options at the BSE. Pursuant to the investigation, it was observed that over 2.91 lakh trades comprising substantial 81.38 per cent of all the trades executed in stock options segment of the BSE during …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 7 months ago

SEBI probed 94 new cases for flouting securities law in FY21

India TV News  

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by the Securities and Exchange Board of India in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. "During 2020-21, 94 new cases were taken up for investigation and 140 cases completed …

Supreme Court Exempts NDTV Promoters Prannoy Roy & Radhika Roy From Making Deposit Before SAT For Hearing Appeals Against SEBI Penalty
4 years, 1 month ago

Supreme Court Exempts NDTV Promoters Prannoy Roy & Radhika Roy From Making Deposit Before SAT For Hearing Appeals Against SEBI Penalty

Live Law  

The SEBI also banned Roys from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 2 years. Nevertheless, the two promoters being in possession of the UPSI sold company shares on April 17, 2008, when the trading window for them was closed and made …

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
5 years, 1 month ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading
5 years, 4 months ago

Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading

India TV News  

Capital markets regulator Sebi has levied a total fine of Rs 37.6 lakh on five entities for executing reversal trade in the illiquid stock options segment on the BSE. Vinayaka Finlease Pvt Ltd, Hi-Tech Chemicals Pvt Ltd, Hi-Tech Heritage Ltd, Gradgrind Barter Pvt Ltd, Toplight Commercials Ltd and Wrinkle Marketing Pvt Ltd are the firms facing penalty. The orders come …

SEBI levies Rs 40 lakh fine on 8 entities for fraudulent trading in BSE's illiquid stock options
5 years, 5 months ago

SEBI levies Rs 40 lakh fine on 8 entities for fraudulent trading in BSE's illiquid stock options

India TV News  

Markets regulator Sebi on Wednesday levied a total fine of Rs 40 lakh on eight entities for executing fraudulent trades in illiquid stock options on the BSE. The eight entities fined by the regulator were among the various entities that indulged in the execution of reversal trades in the stock options segment of the course, the orders noted. "The notice, …

SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade in illiquid stock options
5 years, 5 months ago

SEBI levies Rs 22 lakh fine on 3 entities for fraudulent trade in illiquid stock options

India TV News  

Capital markets regulator Sebi has levied a total penalty of over Rs 22 lakh on three entities for indulging in fraudulent trading in the illiquid stock options segment on the BSE. The regulator imposed a fine of Rs 12.2 lakh on Excell Steel and Rs 5 lakh each on Gokul Financial Advisors Pvt Ltd and Universal Enterprises Ltd. The orders …

SEBI levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options
5 years, 5 months ago

SEBI levies Rs 20.4 lakh fine on 4 firms for fraudulent trade in illiquid stock options

India TV News  

Capital markets regulator Sebi has fined four firms a total amount of Rs 20.4 lakh for carrying out fraudulent trading in the illiquid stock options segment of the BSE. The regulator in separate orders noted that the firms violated provisions of Prohibition of Fraudulent and Unfair Trade Practices by executing reversal trades in the stock options segment of the bourse. …

Sebi imposes ₹40 lakh penalty on Indore based investment advisory firm
5 years, 7 months ago

Sebi imposes ₹40 lakh penalty on Indore based investment advisory firm

Live Mint  

Text messages, emails or calls from firms in Indore offering stock tips are one of the most common types of spam communications that Indians receive. In a rare instance however, market regulator Sebi has acted against one such firm – Indore based StarIndia Market Research, imposing a penalty of ₹40 lakh on the firm. The firm contended that it had …

Sebi slaps Rs 65 lakh fine on individual for fraudulent trading
5 years, 8 months ago

Sebi slaps Rs 65 lakh fine on individual for fraudulent trading

India TV News  

Markets regulator Sebi Wednesday slapped a fine of Rs 65 lakh on an individual for indulging in fraudulent trading in the illiquid stock options segment at BSE. The order follows a probe conducted by Sebi between April 2014 and September 2015 after it observed that 81.38 percent of all the trades executed in stock options segment of the bourse were …

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals
5 years, 9 months ago

Fraudulent trade: Sebi imposes Rs 10 lakh fine on four individuals

India TV News  

Markets regulator Sebi Monday imposed a total fine of Rs 10 lakh on four individuals for manipulating the share price of Shree Shaleen Textiles Ltd. Anjana Arun Karwa, Jayeshkumar Narottamdas Gandhi, Bharati Jayesh Gandhi, Deval Jayesh Gandhi are the four facing the penalty, as per Sebi's separate orders. The regulator had conducted probe from March 2012 to March 2013 relating …

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options
5 years, 9 months ago

Sebi fines 4 entities Rs 21 lakh for fraudulent trading in BSE stock options

India TV News  

Markets regulator Sebi has imposed a total fine of Rs 21 lakh on four entities for carrying out fraudulent trades in the illiquid stock options segment on the BSE. ENPAR Fortune Pvt Ltd, Flyhigh Exports Pvt Ltd, and Anuj Katta were fined Rs 5 lakh each, while Arham Share Consultants Pvt Ltd has levied a penalty of Rs 6.20 lakh, …

Sebi fines 14 individuals Rs 42 lakh for manipulative trade
5 years, 9 months ago

Sebi fines 14 individuals Rs 42 lakh for manipulative trade

India TV News  

Markets regulator Sebi has slapped a total fine of Rs 42 lakh on 14 individuals for executing fraudulent trade in shares of Kushal Tradelink Ltd. "It is established that noticees had contributed to manipulation in the scrip price of KTL, besides trading among themselves and indulging in synchronized and reversal trades, which are manipulative/unfair/fraudulent in nature," Sebi said in an …

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