India regulator cracks down on seven in social media stock manipulation case - Reuters

<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxPakh4SHJ0ZDBuTzlybUR3S2d3Y1lLTEdzdGEyQ2RTcHVJN1dhODhwNFh1OTd3MmtkWndBMDJ1bEwzQnlSWGhYOGd3U2ZVX08wb1BXbGktTlNacERXRzdQMW9Bc3dadEZudmhwVDg3TS1GR1d3X3preUphMTRWOTNrX1oyc3hoaHVGeG9vNWNrZDNTYjZxU05DSlFTQzk2NHI5VTBRVTRzMHRETkN1bm9nNjQ0VXluc1JBakZKdWp0MUE?oc=5" target="_blank">India regulator cracks down on seven in social media stock manipulation case</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

India's markets regulator barred seven individuals from the securities market over allegations they manipulated shares of 82 small companies through social media platforms.

The Securities and Exchange Board of India (Sebi) debarred seven individuals from the securities market for alleged fraudulent trading in 82 scrips through stock recommendations on social media platforms.

Securities and Exchange Board of India issued an interim order against a group of individuals accused of using social media platforms to manipulate stock prices and profit by offloading shares onto retail investors.

India's market regulator, SEBI, has taken decisive action against a group of seven entities accused of orchestrating a 'pump and dump' scheme through platforms like X (formerly Twitter).

Sebi barred seven individuals for allegedly generating Rs 58 crore in wrongful gains by using social media to disseminate stock recommendations, trading ahead of their posts to profit from price movements in small and mid-cap stocks.