Sebi has taken action against 15 guest experts of Zee Business channel for unlawful trading,many of these entities have been restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, until further orders.
The list includes names like Simi Bhaumik, Mudit Goyal Himanshu Gupta, Ashish Kelkar, Kiran Jadhav, Ramawatar Lalchand Chotia, SAAR Securities India Private Limited, Ajaykumar Ramakant Sharma, Rupesh Kumar Matoliya, Nitin Chhalani, Kanhya Trading Company, Manan Sharecom Private Limited, SAAR Commodities Private Limited, Partha Sarathi Dhar and Nirmal Kumar Soni.
Also, the regulator has asked Zee Media Corporation to preserve and maintain all records, documents video records, along with their content, related to the guest experts and concerned shows till the final order of is passed.
Some of them were directly involved in taking such unlawful trades, while others enabled them, Sebi said in its interim order.
“I observe that it is a fit case to pass interim directions to insulate the securities market and investors from the mischievous acts of the entities and also to urgently prevent these entities from continuing with their prima facie fraudulent activities while dealing in the securities market,” Sebi Whole Time Member Kamlesh Varshney said in his interim order.