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SEBI bars 222 entities in five-stock pump-and-dump case, imposes ₹47.7-crore penalty

SEBI bars 222 entities in five-stock pump-and-dump case, imposes ₹47.7-crore penalty

요약

Regulator found coordinated trading, fake broker-branded SMSes and layered fund transfers that helped manipulate prices before shares were offloaded at inflated levels

본문

The Securities and Exchange Board of India (SEBI) has barred 222 individuals and entities from the securities market for four to seven years after unearthing a coordinated pump-and-dump operation spa…

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