·
Securities
and Exchange Board of India (SEBI) conducted investigations from Feb 2022 to
December 2022.
·
The
investigation was launched when SEBI found a high correlation between the
trading activities conducted by some entities and the stock recommendations
given by guest experts appearing on TV channels.
·
SEBI
found that the so-called market experts who advise on stocks on TV channels,
already share those recommendations with certain entities who would have
initiated positions in the recommended stocks in advance.
·
As
soon as they broadcast the same recommendations on channel, these entities who
have taken position squares off, thus making profit by fooling innocent retail
investors.
·
The
profit made by these entities is then shared with the guest experts, as per
their agreement.
·
Some
experts have confirmed these fraudulent acts in their statements submitted to
SEBI.
·
As
of now, SEBI has barred 15 guest experts from indulging in any trading
activities.
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