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Sebi bars TV anchor, expert and four others for fraudulent trades

The regulator has also directed impounding of ill-gotten gains of Rs 8.4 crore

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Market regulator Sebi

BS Reporter Mumbai
Market watchdog Sebi on Monday barred TV anchor Pradeep Pandya, market expert Alpesh Furiya and four others for accessing the securities market for allegedly indulging in fraudulent trading activity. The regulator has also directed impounding of ill-gotten gains of Rs 8.4 crore.

“There is a repeated pattern of such fraudulent and unfair trading activity being carried out by these entities. The directions are preventive in nature as Pandya has the potential, in view his association with the media channels, to possibly be part of other shows / channels / media giving recommendations /contributing to any activities related to the securities