Arshad Warsi: What did actor Arshad Warsi do that got banned in the stock market, know by which rule the action was taken – why did the stock market ban arshad warsi know all the details here

this is how the game went

SEBI was receiving complaints that the stock prices of Sadhna Broadcast were being rigged. The units which are doing this work are also withdrawing the shares. Investigating the matter, SEBI on Thursday banned 44 entities, including actor Arshad Warsi, his wife and promoters of Sadhna Broadcast, from trading in the securities market. SEBI was receiving complaints that investors were being lured through misleading YouTube videos. The regulator (SEBI) had started probing the cases during April-September last year which revealed that Sadhna Broadcast shares skyrocketed after the video was uploaded and the promoters made huge money.

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what is the rule

According to SEBI guidelines, encouraging people to buy or sell shares of a company in any way on social media is considered as pump and dump activity. No one is allowed to do this. Sebi has also taken action against Arshad Warsi for the same reason. It is alleged that Arshad Warsi and his wife were making misleading videos through social media suggesting buying and selling of shares of the company. Small investors were being misled by making promotional videos. Due to this, investors have lost crores.