SEBI Takes Action: Stock Expert Banned for Unfair Gains
Sanjiv Bhasin and Team Must Return Rs 11.4 Crore
Mumbai: The Securities and Exchange Board of India (SEBI) made a big move on Tuesday. They banned Sanjiv Bhasin, a famous stock market expert. Bhasin has many followers on social media. SEBI found him guilty of making unfair profits while giving stock tips.
Here’s What Happened:
- SEBI banned Sanjiv Bhasin for unfair stock profits.
- Bhasin and his team must return Rs 11.4 crore.
- Bhasin is a popular stock market expert on social media.
SEBI is India’s market watchdog. They told Bhasin and his team to give back Rs 11.4 crore. This is the amount they made unfairly.
Why SEBI Took This Step:
SEBI wants to keep the stock market fair and honest. This action shows they are serious about it. It’s also a warning to others. Everyone in the market should follow the rules.
How This Affects You:
Experts like Bhasin have a big impact. Many people listen to their advice. When experts break the rules, it can hurt many investors. SEBI’s action helps keep investors safe.
