The Securities and Exchange Board of India has issued a circular banning host of the show Stock 20-20 on CNBC Awaaz, Hemant Ghai, his wife, Jaya Hemant Ghai and mother Shyam Mohini Ghai from buying,.
Market regulator Securities and Exchange Board of India (SEBI) on Wednesday passed an interim
ex-parte order banning Hemant Ghai of CNBC Awaaz and two of his family members from recommending stocks. The order comes in the matter of CNBC Awaaz “Stock 20-20” show co-hosted by Hemant Ghai. Incidentally the judgement came just when the channel is celebrating its 16th anniversary.
Hemant Ghai, Jaya Hemant Ghai (his wife) and Shyam Mohini Ghai (his mother) are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever till further directions. The bank accounts of the entities to the extent of the amount mentioned in the table at Paragraph 53 is impounded. The bank accounts of Mr Ghai, Jaya Ghai and Shyam Mohini Ghai are frozen for debit till further directions/ communications, the order says.
Took unfair advantage : SEBI bars CNBC Awaaz anchor from giving investment advice, dealing in securities
The anchor, Hemant Ghai, is the co-host of the show Stock 20-20 on the channel.
The Securities and Exchange Board of India today barred
CNBC Awaaz anchor Hemant Ghai and two of his family members from the capital markets. Ghai was also directed to cease and desist from giving investment advice and recommendations related to the securities market.
Ghai is the co-host of the show Stock 20-20 on the channel; the show recommends buy-today-sell-tomorrow stocks to its viewers.
SEBI s directions were made in an