Get latest articles and stories on Latest News at LatestLY. Sebi on Thursday barred 10 entities, including guests experts, appearing on a business news channel from the securities market and directed seizure of unlawful gains of Rs 7.41 crore made by them through alleged stock manipulation. Latest News | Sebi Bans 10 Guest Experts, Entities from Market for Share Rigging Via TV Show.
The experts used advance information to make profit by trading on the basis of such advance information knowing that investors would act on the recommendations, says SEBI
The fine was slapped for unlawful trades done by some of them based on the recommendations given by the experts when they appeared on Zee Business news channel between February and December 2022.