Sebi bans media guest expert Sanjiv Bhasin, 11 others from securities market for stock manipulation
Sebi has barred Sanjiv Bhasin, ex-director at IIFL Securities, and 11 others from the securities market for share manipulation related to stock recommendations on media channels. They are accused of exploiting their influence to profit from price surges following their recommendations. The regulator has directed them to disgorge ill-gotten gains of Rs 11.37 crore.
Sebi has barred Sanjiv Bhasin, ex-director at IIFL Securities, and 11 others from the securities market for share manipulation related to stock recommendations on media channels. They are accused of exploiting their influence to profit from price surges following their recommendations. The regulator has directed them to disgorge ill-gotten gains of Rs 11.37 crore.
