• HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
Thursday, July 17, 2025
No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION
No Result
View All Result
Cover365
No Result
View All Result
Home FINANCE

Sebi Slaps Market Ban on TV Stock Picker Sanjiv Bhasin, 11 Others in Price Rigging Case

by Bhuvana Salvi
4 weeks ago
in FINANCE, NEWS
Reading Time: 12 mins read
0 0
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedInShare on RedditShare on Pinterest

India’s markets regulator has barred veteran media voice Sanjiv Bhasin and 11 others over a stock manipulation scheme that involved tipping stocks on TV — and selling them once prices surged.

The Securities and Exchange Board of India (Sebi) said on Tuesday that Bhasin used his clout as a frequent face on finance channels to influence stock prices for personal gain. The regulator has ordered the group to cough up a total of ₹11.37 crore — money Sebi says they made by misleading the public.

A Familiar Face, a Shadowy Setup

Bhasin wasn’t just another analyst making predictions. He was a trusted media regular, often seen giving stock tips on prime-time business shows. Viewers took his word seriously — and that trust became the problem.

While linked to IIFL as a director or consultant, Bhasin gave out stock recommendations through popular TV channels and digital platforms. But behind the scenes, he had already taken positions in the same stocks — buying them up quietly before making those bullish calls in public.

Then, just as prices jumped following his televised tips, he sold.

sanjiv bhasin sebi news wikimedia

The Playbook: Buy Low, Tip High, Sell Fast

The setup wasn’t complex. In fact, it was disturbingly simple.

Bhasin used three trading accounts — Gemini Portfolios, Venus Portfolios, and HB Stock Holdings Ltd — to buy shares through RRB Master Securities dealers. These purchases often happened just before he appeared on air.

After recommending the same stocks on live shows, prices rose — thanks to his viewership pull. Then came the sell orders. Fast and calculated.

  • Buy stocks using proxy accounts before public appearances

  • Promote the same stocks via media tips

  • Sell those stocks quickly after prices spike

This kind of pattern was repeated multiple times, according to Sebi’s 87-page interim order.

What the Watchdog Found

Sebi didn’t mince words in its report.

The regulator said Bhasin’s conduct amounted to “fraudulent and unfair trade practices,” and accused the group of profiting at the expense of retail investors. The trades were “pre-planned and synchronized,” Sebi noted, painting a picture of deliberate manipulation rather than coincidence.

One line from the order stood out: “The recommendations were not genuine or made in good faith.” That cuts deep.

At least one of the accounts involved had over 200 instances of buying a stock and then selling it within a short window after a public tip — all within the same script. The timing raised eyebrows.

Sebi’s analysis showed that the volume and price movements in recommended stocks significantly jumped following the appearances. The regulator cited this correlation as strong evidence of a manipulative scheme.

The Fallout: Barred, Exposed, and Broke?

The group now faces a blanket ban from accessing the securities market — not just trading, but dealing in any form. It’s a rare move and a sign of how seriously Sebi is treating the matter.

Some of the affected parties include:

  • Sanjiv Bhasin

  • Dealers linked to RRB Master Securities

  • Key account holders in Gemini, Venus, and HB Stock Holdings

All have been told to disgorge profits. But reputational damage? That may hurt even more.

Here’s a snapshot of the fines and roles:

Name Role Action Taken by Sebi
Sanjiv Bhasin Stock Expert, Media Personality Barred, ₹11.37 cr disgorgement
Gemini Portfolios Trading Account Holder Barred, Subject to penalty
RRB Master Securities Trading Member, Dealers Under Scrutiny
Other 10 individuals Aided trades Barred, Subject to order

Not the First Time, But a Warning Shot

This isn’t Sebi’s first case involving media-based manipulation, but it’s one of the more high-profile ones. The use of television as a tool to move markets — and profit quietly from it — isn’t new, but catching it red-handed like this is rare.

It’s a reminder: financial advice, even from known faces, isn’t always neutral. Sometimes, it’s anything but.

The move also follows a global trend where regulators are cracking down on “pump-and-dump” schemes that use social media, live streams, or television to mislead investors. In the US, the SEC has pursued several similar cases against influencers and YouTubers.

This case, though, hits closer to home — with someone who was practically a household name in India’s trading circles.

What’s Next? Silence, for Now

No public statement has been made by Bhasin or IIFL yet.

The order is interim, meaning Sebi may revise it after further hearings, but for now, the ban is absolute. There’s no mention of jail time or criminal proceedings yet, but legal experts say it’s possible if Sebi refers the case to enforcement agencies.

And for thousands of retail investors who once followed his every word? There’s a bitter taste in the air.

Bhuvana Salvi

Bhuvana Salvi

Bhuvana Salvi is a content writer with a passion for all things gaming. With a knack for crafting engaging and informative articles, Bhuvana has become a trusted expert in the gaming niche, providing valuable insights and captivating stories for gamers worldwide.

Related Posts

asteroid 2025 MG1 near earth nasa detection
EDUCATION

NASA Tracks Massive Asteroid 2025 MG1 as It Zips Past Earth Today

7 hours ago
ethereum price chart july 2025 coingecko
CRYPTO

Ethereum Soars 9% as Crypto Markets Rally on Cooler Inflation and ETF Inflows

7 hours ago
U.S. Congress crypto regulation July 2025
CRYPTO

House Republicans Launch ‘Crypto Week’ to Fast-Track Digital Asset Laws

5 days ago
dragon quest 3 hd-2d remake switch box art
ENTERTAINMENT

Dragon Quest III HD-2D Remake Hits Lowest Price Yet During Prime Day and Walmart’s Massive Summer Deals

1 week ago
reliance industries share trading bse
FINANCE

Reliance Shares Cool Off After Brushing 52-Week High; Delay in Jio IPO Sparks Sell-Off

1 week ago
Indian stock market opening bell NSE BSE trading floor
FINANCE

Indian Stock Market Opens Flat Amid Trump Tariff Tensions and Q1 Jitters

1 week ago
Next Post
Akshay Kumar stunt Tom Jerry inspiration

Bollywood Daredevil Akshay Kumar Credits Tom & Jerry for His Stunt Inspiration

elden ring nightreign gaping jaw everdark boss battle screenshot

FromSoftware Rolls Out Limited-Time Boss Fights in Elden Ring: Nightreign’s First Major Update

SEARCH NEWS

No Result
View All Result

RECENT NEWS

  • NASA Tracks Massive Asteroid 2025 MG1 as It Zips Past Earth Today
  • Ethereum Soars 9% as Crypto Markets Rally on Cooler Inflation and ETF Inflows
  • House Republicans Launch ‘Crypto Week’ to Fast-Track Digital Asset Laws
  • The Real Threat of Street Dogs and Rabies in India
  • Dragon Quest III HD-2D Remake Hits Lowest Price Yet During Prime Day and Walmart’s Massive Summer Deals
  • Reliance Shares Cool Off After Brushing 52-Week High; Delay in Jio IPO Sparks Sell-Off
  • Indian Stock Market Opens Flat Amid Trump Tariff Tensions and Q1 Jitters
  • Andhra Pradesh Bets Big on AI to Kill the Buzz — Smart Mosquito System Rolls Out in 66 Hotspots
  • Bentley Joins Skoda Auto Volkswagen India Portfolio, Marking Ultra-Luxury Push
  • TikTok to Launch U.S.-Only Version Ahead of Government Ban Deadline

ABOUT US

Cover365 Footer Logo

We are Google news approved website from India run by Group of Bloggers. We cover trending news topics and explore in-depth about the topics.

If you would like to promote your business or ads in our website, You can Contact us anytime at ceo.cover365@gmail.com

ADVERTISEMENT

We charge nominal cost to promote your business in our website. We accept following promotions that will help your business and improve your website SEO.

  • ADVERTISE
  • GUEST POST
  • SPONSORED ARTICLE
  • WRITE FOR US
  • HOMEPAGE LINKS
  • BANNER ADS
  • PRESS RELEASE

POPULAR CATEGORIES

Popular Categories in our website,

  • BUSINESS
  • FINANCE
  • CRYPTO
  • ENTERTAINMENT
  • SPORTS
  • EDUCATION
  • TECH
  • HEALTH
  • LIFESTYLE
  • TRAVEL
  • CASINO

SEARCH WEBSITE

No Result
View All Result

WEBSITE STATS

Cover365 Monthly Stats: (Will be updated every month)

  • Traffic: 100,000+ / Month
  • Website Age: 12 Years+
  • Google News Approved
  • 4+ Active Writers
  • High Quality Articles
  • HOME
  • GUEST POST
  • ABOUT US
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY

© 2023 Cover365

No Result
View All Result
  • HOME
  • NEWS
    • POLITICS
  • BUSINESS
    • INTERNET MARKETING
  • FINANCE
    • CRYPTO
  • ENTERTAINMENT
    • MOVIE REVIEWS
  • SPORTS
    • CRICKET
    • FOOTBALL
    • WWE
  • TECH
  • HEALTH
  • TRAVEL
  • BLOG
    • AUTOMOBILE
    • CASINO
    • DEALS
    • LIFESTYLE
    • EDUCATION

© 2023 Cover365

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist