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    Vikshita Vitthal Gujaran in News

    02-Mar-2023 07:00 AM


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    SEBI Cracks Down On YouTubers Engaged In Stock Manipulation

    The Securities and Exchange Board of India has barred 24 entities from the stock market for manipulating stocks in collusion with YouTube creators.
    According to SEBI, certain shareholders used this period to book massive profits.
    This is in violation of the SEBI Act and Unfair Trade Practice Regulations mandated by SEBI.
    Similar manipulation was also found in the scrips of Sadhna Broadcast Ltd. It's alleged that Youtube channels "The Advisor" and "Moneywise" peddled false news to artificially inflate the volumes.
    Entities are also advised to deposit the illegal gains booked during the period into an escrow account established for the purpose.

    Source - https://www.bqprime.com/markets/sebi-cracks-down-on-youtubers-engaged-in-stock-manipulation