Illiquid scrips listed by both the exchanges include, Good Luck Securities, Odyssey Securities Pvt Ltd Geometry Vanijya Pvt. Ltd, Kayan Securities Pvt. Ltd, Aryav Securities Pvt. Ltd, Giriraj Stock Broking Pvt. Ltd among others.
"The aforesaid trading members who had prima facie facilitated the manipulations for the aforesaid 59 clients were also trading members for total of 12,287 clients and out of which 11,228 clients were involved in reversal trades of the interim order," Sebi said in the order on Friday.
"It is also important to note that the investigation in the entire scheme involving all the parties considered in the interim orders dated August 20, 2015 and February 17, 2016 is in progress," said Sebi whole time member Rajeev Agarwal.
"Considering the peculiar facts and circumstances of this case, I am not inclined to intervene in this matter by way of ad-interim directions at this stage and would prefer that the final view for appropriate action in accordance with law should be taken after completing the ongoing investigation in the matter," he said.
The investigation shall be concluded expeditiously after taking into account all the facts and circumstances of the case, he noted.
Sebi asked all the 22 so called trading members to co-operate with regulator in the on-going investigation and provide all the information and documents that may be sought in this regard.
