Indian markets regulator cracks down on Sadhna B’cast, others
SUBSCRIBE
JOBS
Custom Image
Go Back
2 years ago 06:00:42am Television

Indian markets regulator cracks down on Sadhna B’cast, others

New Delhi, 03-March-2023, By IBW Team

Indian markets regulator cracks down on Sadhna B’cast, others

Market regulator Securities and Exchange Board of India (SEBI) yesterday shared an interim order against the company Sadhna Broadcast Ltd, which manages the Sadhna television channel, for using YouTube channels for manipulating stock prices.

The regulator, in preliminary investigations, identified several entities that used the video streaming platform to pump and dump stocks.

According to a Reuters report, SEBI barred the entities from the capital markets and identified 46 entities that used the video streaming platform to pump and dump stocks.

These entities – a mix of traders and market analysts – used four YouTube channels to market stocks, according to the regulator.

SEBI’s interim orders came on the back of a year-long investigation following investor complaints that alleged YouTube channels were being used to influence them to buy particular stocks.

SEBI said these entities used misleading YouTube videos to create “false content” on select scrips, generating artificial interest. This was followed up with paid marketing campaigns for additional reach.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos