Informative

Sebi imposes Rs 2.6-crore penalty on ex-news anchor, and 7 others

Update / Judgement Date

10 Jun 2024

Source

Business Standard

Author

Team — WCP Legal Desk

Reading Time

1 min read

SEBI & SCRA

Sebi fined former CNBC Awaaz anchor Pradeep Pandya and Alpesh Vasanji Furiya Rs 1 crore each, along with six others fined Rs 10 lakh each, for front-running and 'buy-today-sell-tomorrow' trades in sync with recommendations. They're barred from the market for five years.\r

Meanwhile, Sebi launched a certification program for investors to test their market knowledge online for free. In other news, Le Travenues Technology's ixigo IPO saw 9.31 times subscription on its second day. (Words: 63)

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Sebi imposes Rs 2.6-crore penalty on ex-news anchor, and 7 others

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