The Securities and Exchange Board of India (SEBI) bans seven members of the same family for manipulating the stock market via social media
मुख्य बातें
- •SEBI has banned Hemant Gupta and six other family members for manipulating the stock market using social media.
- •The investigation found that they earned up to 242% profit by spreading fake stock tips on social platforms.
- •SEBI has ordered the seizure of all illegal profits made by these individuals.
- •The regulator’s strict action aims to protect investors’ interests and uphold transparency in the stock market.
The Securities and Exchange Board of India (SEBI) took a major step on Friday by barring seven members of the same family—including the main accused, Hemant Gupta—from participating in any securities market activity. According to SEBI’s order, these individuals spread false and misleading information on social media platforms such as Telegram, Twitter, and Facebook, manipulating stock prices to their advantage. The regulator found that their actions caused significant losses to several investors while generating profits of up to 242% for themselves.
SEBI’s investigation revealed a well-planned scheme where Hemant Gupta and his family members disseminated fake stock tips and fabricated data, severely eroding public trust in the market. As a result of the order, they have been completely barred from the securities market, and SEBI has also directed the recovery of all illicit gains made through their manipulative activities.
