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Mudit Goyal, who was one of the noticees in the interim order involving guest experts on television, approached an RA to ‘rent’ a licence
The regulator has asked guest experts to disgorge Rs 7.41 crore unlawful gains made by them by taking opposite positions in the market than they recommended on the channel.
Market regulator Securities and Exchange Board of India (SEBI) has ordered the impounding of Rs7.41 crore unlawful gain earned from fraudulent and unfair activities by guest experts appearing on Zee business channels and their connected entities.
Some of them have also been barred from trading in the market until further orders, SEBI said in its order on February 8
Get latest articles and stories on Latest News at LatestLY. Sebi on Thursday barred 10 entities, including guests experts, appearing on a business news channel from the securities market and directed seizure of unlawful gains of Rs 7.41 crore made by them through alleged stock manipulation. Latest News | Sebi Bans 10 Guest Experts, Entities from Market for Share Rigging Via TV Show.