Sebi highlighted that certain corporate actions can artificially boost investor sentiment, leading to increased stock purchases. This, in turn, allows promoters to sell their shares at inflated prices. The regulator cautioned investors against relying on unverified social media posts and rumours when investing in SME stocks. Instead, investors should exercise caution and be mindful of such market manipulation patterns.
Sebi imposes Rs 10 lakh fine on Anand Rathi for violation of stock brokers’ norms
India’s market regulator Sebi fined Anand Rathi Share and Stock Brokers ₹10 lakh after inspections found multiple regulatory violations, including delayed glitch reporting, excessive capacity