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The victim was asked to create a profile on a phone based platform and was added to a WhatsApp group where admins and other members were discussing share trading tips and high profits.
Some of them have also been barred from trading in the market until further orders, SEBI said in its order on February 8
Buch said the Sebi also has data and evidence on "mule accounts", wherein the credentials of an innocent person are used to typically front-run on stocks by those wanting to not leave a trace of trades.
SEBI imposes fines on 10 institutions, reveals reasons behind the action.