Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years & slaps fine.

Sebi Has Been Actively Working Towards Instantaneous Settlement. (File Photo)
Sebi Has Been Actively Working Towards Instantaneous Settlement. (File Photo)

Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years & slaps fine

 

On Tuesday, the Securities and Exchange Board of India (Sebi) took action against Pradeep Pandya, a former anchor of stock market programs on a television channel, along with seven other entities. They have been banned from the securities market for a period of five years and collectively fined Rs 2.6 crore for engaging in fraudulent trading activities.

Alongside Pandya, individuals such as Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, as well as entities like Mahan Investment and Toshee Trade, faced sanctions. Pandya had hosted or co-hosted various shows on CNBC Awaaz until August 2021, while Alpesh Furiya had appeared on the channel as a guest or external expert, and also provided stock recommendations on his Twitter account.

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