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| Name | Why Is Sebi Investigating Stock Market Guru Sanjiv Bhasin? |
| Video Uploader | Video From NEWS9 Live |
| Upload Date | This Video Uploaded At 26-06-2024 15:11:14 |
| Video Discription | If you follow the stock markets and rely on news shows,for stock recommendations, think again, those recommendations may be coming with ulterior motives. In yet, another case of market punters drawing scrutiny from watchdog Sebi for questionable practices, veteran investor and market commentator Sanjiv Bhasin of IIFL Securities has found himself in hot water with Sebi. According to media reports, Bhasin is under investigation by Sebi for alleged market manipulation. The regulator has reportedly examined Bhasin's digital devices as part of the investigation and gathered evidence. To clarify, News9 was unable to verify the report from both Sanjiv Bhasin and Sebi. The initial investigations indicate that Bhasin allegedly instructed a private company to buy certain stocks. He would then promote these stocks on television. And as public interest grew and stock prices increased, the company reportedly sold its holdings. Sebi is probing the relationship between Bhasin and this entity. In financial markets, these practices are commonly referred to as a 'pump and dump' scheme. A 'pump and dump' scheme is when the price of a stock is artificially boosted by spreading misleading or false information. Those behind the scheme promote the stock heavily, causing its price to rise. Once the price has reached its peak, they sell off their shares at the inflated price. This leaves ordinary investors, who bought the shares at higher prices, facing losses when the stock price inevitably falls back down. It's a deceptive tactic used to profit at the expense of unsuspecting market participants. For instance, a group of individuals might spread rumours about let's say a small pharmaceutical company, claiming it has developed a breakthrough drug. As retail investors rush to buy the stock based on these false claims, the price skyrockets. Once the price peaks, the promoters sell their shares, causing the stock price to collapse, leaving investors who bought at inflated prices with substantial losses. Note that Sanjiv Bhasin is not alone under Sebi's scrutiny. Earlier this year, the watchdog took strict action against 15 individuals, including five guest experts on the Hindi language news channel. According to Sebi, these individuals allegedly made unlawful gains totalling Rs 7.41 crore by taking positions opposite to their own on-air recommendations. In another case, Sebi barred former news anchor Pradeep Pandya and seven other entities from the securities market for five years. This action was taken due to fraudulent trading practices and breaches of ethical standards within the industry. And these are just some of the cases of market manipulation from this year. A look back in history will reveal numerous other instances spanning various industries and markets worldwide. So how should you, the retail investor protect yourself from falling victim to these financial crimes? Start by researching thoroughly and verifying information from trusted sources before investing. You should also diversify your investments, closely monitor market trends, and seek guidance from reliable financial advisors. Remember, staying informed and cautious is key to safeguarding your investments from potential fraud. .............................................................................................. News9 is India's first fully integrated English news brand across all digital platforms. It includes a publishing platform, viz. www.news9live.com, a future-ready OTT platform, News9 Plus, and a 24-Hour video streaming service on connected TVs and all social platforms. It's the English news brand that understands and fits perfectly into the digital-first lifestyles of our English news audiences. ► News9 Plus App : https://onelink.to/8pwfkc ► News9 OTT Coupons : https://bit.ly/4dwLDx4 ► Watch us on YouTube : https://www.youtube.com/c/NEWS9LIVE ► Like us on Facebook : https://www.facebook.com/news9live ► Follow us on Instagram : https://www.instagram.com/news9live ► Follow us on Twitter : https://twitter.com/NEWS9TWEETS |
| Category | News & Politics |
| Tags | Breaking News | Latest news | News today | Live news update | latest news today | breaking news today | business | Why Is Sebi Investigating Stock Market Guru Sanjiv Bhasin | why is sebi investigating stock market guru sanjiv bhasin | share market | stock market | business news | Stock Market Guru Sanjiv Bhasin | stock market guru sanjiv bhasin | sanjiv bhasin | market guru |
