38.6c New Delhi, India, Sunday, November 10, 2024
Top Stories Supreme Court
Political NEWS Legislative Corner Celebstreet International Videos
Subscribe Contact Us
close
Business

SEBI imposes 5-year ban on Ex-CNBC Awaaz Anchor Pradeep Pandya and others for insider trading

By Jhanak Singh      13 June, 2024 12:08 AM      0 Comments
SEBI imposes 5 year ban on Ex CNBC Awaaz Anchor Pradeep Pandya and others for insider trading

New Delhi: The market regulator, Securities and Exchange Board of India (SEBI), has prohibited former CNBC Awaaz TV anchor Pradeep Pandya and seven other entities from participating in the securities market for five years. SEBI also imposed a combined fine of 2.6 crore on these entities for engaging in fraudulent trading activities.

In addition to Pandya, SEBI has banned Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF, Manish V Furiya HUF, Mahan Investment, and Toshee Trade. Pandya and Furiya have each been fined 1 crore.

Pandya was a news anchor on the Hindi business news channel CNBC Awaaz. SEBI observed a significant correlation between the stock recommendations he made on the show Pandya Ka Funda and the Buy-Today-Sell-Tomorrow and intra-day trades executed by Alpesh Furiya and related entities from November 2019 to January 2021.

According to SEBIs final 55-page order, Pandya, while serving as an anchor for CNBC Awaaz, shared confidential information about upcoming stock recommendations with Alpesh Furiya, who reciprocated. Furiya used this privileged information to execute trades through his accounts and those of related entities, profiting before the recommendations were aired publicly.

The market watchdog also notes that Furiya shared these tips with Opu Funikant Nag in return for a salary increase.

Pandya and Furiya are ordered to cease and desist from any activities related to giving investment advice, sell or buy recommendations, and publishing research reports related to the securities market through any media, whether physical or digital, until further notice.

SEBI reported that approximately 80% of the profit generated by Furiya was due to trades synchronized with Pandyas recommendations. Furiya earned a profit of 6.74 crore, with 5.35 crore, representing 79.3% of his total profit during this period, resulting from these apparently synchronized trades.

Financial journalists, which include anchors appearing on business news channels, play a pivotal role in the financial markets by acting as trusted disseminators of market information to the public. Their insights, analyses, and recommendations are often taken at face value by a broad audience of investors who rely on this information to make investment decisions. Many instances have been pointed out in this Order where a surge in price and volume that was witnessed in the scrips immediately after the recommendations were aired on CNBC Awaaz, says SEBI.

When TV anchors engage in sharing material non-public information, as noted in this case, it not only breaches ethical standards but also distorts market dynamics. Such acts of selective information dissemination give unfair advantages to a few, undermining the principle of equal access to information. This erosion of trust can lead to a significant loss of confidence among investors, who may feel that the markets are rigged against them, SEBI says.



Share this article:

About:

Jhanak is a lawyer by profession and legal journalist by passion. She graduated at the top of her cl...Read more

Follow:
FacebookTwitterLinkedinInstagram


Leave a feedback about this
Related Posts
View All

SEBI suppressed material facts in Adani probe, Supreme Court told [Read Affidavit] SEBI suppressed material facts in Adani probe, Supreme Court told [Read Affidavit]

Explore the allegations of suppressed facts and conflicts of interest in SEBI's Adani probe following the Hindenburg report. Learn about the claims of non-disclosure, potential stock market manipulation, and conflicts of interest involving key individuals. Stay updated on the ongoing investigations and their implications.

FirstCry parent Brainbees moves for IPO, aims for $3.5 billion valuation; Tata and M&M to offload shares FirstCry parent Brainbees moves for IPO, aims for $3.5 billion valuation; Tata and M&M to offload shares

Brainbees Solutions, the parent company of FirstCry, files for an IPO with SEBI, aiming for a valuation of around $3.5-3.75 billion. Key stakeholders including Tata and Mahindra & Mahindra plan to sell their shares, marking a significant move in the e-commerce sector.

Adani-Hindenburg row: Supreme Court to deliver verdict shortly Adani-Hindenburg row: Supreme Court to deliver verdict shortly

The Supreme Court will deliver its verdict in a batch of petitions seeking an examination of allegations of fraud made against the Adani Group of companies in the Hindenburg Research report, today.

Adani-Hindenburg row: SC rejects plea to transfer probe from SEBI to SIT [Read Judgment] Adani-Hindenburg row: SC rejects plea to transfer probe from SEBI to SIT [Read Judgment]

The Supreme Court of India upholds SEBI's jurisdiction over the Adani-Hindenburg probe, dismissing a plea for transfer to an SIT or CBI. The Court stresses the importance of SEBI's regulatory role and its ongoing investigations, reaffirming the limited scope of court intervention in SEBI's regulatory framework.

TRENDING NEWS


TOP STORIES

scba-scaora-strongly-condemn-ghaziabad-court-incident
Trending Judiciary
SCBA, SCAORA strongly condemn Ghaziabad court incident [Read SCBA, SCAORA Resolution]

SCBA, SCAORA condemn Ghaziabad court incident, demand inquiry, dismissal of judge, police, and Advocate Protection Act to prevent future violence.

04 November, 2024 11:18 AM
bail-conditions-must-be-fair-reasonable-cannot-tantamount-to-deprivation-of-civil-rights-sc
Trending Judiciary
Bail conditions must be fair, reasonable; cannot tantamount to deprivation of civil rights: SC [Read Judgment]

SC asserts that bail conditions must be fair and reasonable, ensuring accused’s presence without infringing civil rights, overturns Madhya Pradesh HC’s excessive terms.

04 November, 2024 11:55 AM
sc-declines-interim-relief-to-death-row-convict-rajoana-gives-two-weeks-to-punjab-to-file-response-to-plea-on-delay-in-mercy-petition
Trending Judiciary
SC declines interim relief to death row convict Rajoana; gives two weeks to Punjab to file response to plea on delay in mercy petition

SC denies interim relief to death row convict Rajoana; grants Punjab two weeks to respond on plea over delay in mercy petition. Next hearing on Nov 18.

04 November, 2024 03:56 PM
sc-modifies-bail-condition-to-report-to-local-police-station-every-week-for-kerala-journalist-sidhique-kappan
Trending Judiciary
SC modifies bail condition to report to local police station every week for Kerala journalist Sidhique Kappan

SC relaxes bail condition for Kerala journalist Sidhique Kappan, removing weekly police station visits in UAPA case linked to Hathras incident.

04 November, 2024 05:16 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email

kaisarpoker kaisarpoker
https://kurbali.com/doc/available/
https://rodithahotel.com/public/core/
https://smpn43sby.sch.id/sma/kaisarpoker/
https://banksyariahdanamulia.co.id/wap/scatter-hitam/
https://banksyariahdanamulia.co.id/log/available/
https://wayan.com.mx/doc/core/
https://kaisarpoker.banksyariahdanamulia.co.id/
https://banksyariahdanamulia.co.id/wap/scatter-hitam
https://kaisarpoker.banksyariahdanamulia.co.id
https://banksyariahdanamulia.co.id/wap/scatter-hitam https://banksyariahdanamulia.co.id/public/crownking/ https://4csupremelawint.com/doc/kaisarpoker/ https://cianjurkotasantri.com/wap/superkaisar/
slot gacor
https://kaisarpoker.missteeninternational.us/ https://www.phprentacar.ro/doc/superkaisar/ https://kaisarpoker.camaraayacucho.org.pe/
kaisarpoker
kaisarpoker
grafindo.id
kaisar-poker.banksyariahdanamulia.co.id
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
situs anti rungkat
kaisarpoker
kaisarpoker
bandar slot
kaisar poker
situs anti rungkat
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
situs anti blokir
kaisarpoker
kaisarpoker
kaisarpoker
Link Alternatif Terbaru Global
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
kaisarpoker
situs anti rungkat
slot anti rungkat
bandar bola slot
bocoran parlay
situs slot pakai qris
slot bet 200
slot gampang maxwin
slot gacor
slot anti lag
situs anti blokir
slot gacor kaisarpoker
kaisarpoker anti rungkat
slot gampang scatter kaisarpoker
kaisarpoker
slot online kaisarpoker
scatter hitam
slot online kaisarpoker
situs slot sudirman168
slot gacor sudirman168
rtp slot sudirman168
situs anti rungkat sudirman168
scatter hitam mahjong wins 3
sudirman168
sudirman168
sudirman168
sudirman168
situs sudirman168
kaisarpoker kaisarpoker link kaisarpoker club kaisarpoker 2024 kaisarpoker scatter hitam kaisarpoker slot kaisarpoker slot 5k kaisarpoker slot qris kaisarpoker slot dana kaisarpoker slot gacor kaisarpoker slot online kaisarpoker slot 5000 kaisarpoker slot pulsa kaisarpoker slot 200 kaisarpoker slot 400 kaisarpoker deposit murah kaisarpoker deposit qris kaisarpoker deposit dana kaisarpoker deposit pulsa kaisarpoker rtp slot kaisarpoker rtp live kaisarpoker situs slot kaisarpoker situs gacor kaisarpoker agen slot kaisarpoker agen pulsa kaisarpoker link gacor kaisarpoker link slot kaisarpoker pola gacor kaisarpoker anti rungkat kaisarpoker apk kaisarpoker apk slot kaisarpoker cheat slot kaisarpoker anti rungkat kaisarpoker situs gacor kaisarpoker blackjack sbs kaisarpoker wap kaisarpoker today kaisarpoker loan kaisar 888 kaisar poker club prediksi parlay deposit qris deposit murah deposit tanpa antrian situs situs gacor situs slot situs terpercaya situs anti rungkat
https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=scatter%20hitam https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=game%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=pragmatic%20play https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=pg%20soft https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=mahjong%20ways https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=bonanza%201000 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=zeus%20X15000 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20terbaru https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20terlengkap https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20demo https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%205k https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20qris https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20dana https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20online https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%205000 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20pulsa https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20200 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20400 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20maxwin https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=slot%20anti%20rungkad https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=tips%20maxwin https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20murah https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20qris https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20dana https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20pulsa https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=rtp%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=rtp%20live https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=agen%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=agen%20pulsa https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=link%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=link%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=pola%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=anti%20rungkat https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=apk%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=cheat%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=anti%20rungkat https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=kaisar%20888 https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=prediksi%20parlay https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20qris https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20murah https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=deposit%20tanpa%20antrian https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20gacor https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20slot https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20terpercaya https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=situs%20anti%20rungkat https://www.cammelplasticsurgery.com/kaisar-poker/?terbaru=tips%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20link https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20club https://nomore.pt/kaisarpoker/?akses=kaisarpoker%202024 https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20scatter%20hitam https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%205k https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20qris https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20dana https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20online https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%205000 https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20pulsa https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20200 https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20slot%20400 https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20deposit%20murah https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20deposit%20qris https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20deposit%20dana https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20deposit%20pulsa https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20rtp%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20rtp%20live https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20situs%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20situs%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20agen%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20agen%20pulsa https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20link%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20link%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20pola%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20anti%20rungkat https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20apk https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20apk%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20cheat%20slot https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20anti%20rungkat https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20situs%20gacor https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20blackjack%20sbs https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20wap https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20today https://nomore.pt/kaisarpoker/?akses=kaisarpoker%20loan https://nomore.pt/kaisarpoker/?akses=kaisar%20888 https://nomore.pt/kaisarpoker/?akses=kaisar%20poker%20club https://nomore.pt/kaisarpoker/?akses=prediksi%20parlay https://nomore.pt/kaisarpoker/?akses=deposit%20qris https://nomore.pt/kaisarpoker/?akses=deposit%20murah https://nomore.pt/kaisarpoker/?akses=deposit%20tanpa%20antrian https://nomore.pt/kaisarpoker/?akses=situs https://nomore.pt/kaisarpoker/?akses=situs%20gacor https://nomore.pt/kaisarpoker/?akses=situs%20slot https://nomore.pt/kaisarpoker/?akses=situs%20terpercaya https://nomore.pt/kaisarpoker/?akses=situs%20anti%20rungkat
kaisarpoker kaisarpoker link kaisarpoker club kaisarpoker 2024 kaisarpoker scatter hitam kaisarpoker slot kaisarpoker slot 5k kaisarpoker slot qris kaisarpoker slot dana kaisarpoker slot gacor kaisarpoker slot online kaisarpoker slot 5000 kaisarpoker slot pulsa kaisarpoker slot 200 kaisarpoker slot 400 kaisarpoker deposit murah kaisarpoker deposit qris kaisarpoker deposit dana kaisarpoker deposit pulsa kaisarpoker rtp slot kaisarpoker rtp live kaisarpoker situs slot kaisarpoker situs gacor kaisarpoker agen slot kaisarpoker agen pulsa kaisarpoker link gacor kaisarpoker link slot kaisarpoker pola gacor kaisarpoker anti rungkat kaisarpoker apk kaisarpoker apk slot kaisarpoker cheat slot kaisarpoker situs gacor kaisarpoker blackjack sbs kaisarpoker jackpot kaisarpoker official kaisarpoker live chat kaisarpoker daftar kaisarpoker website kaisarpoker image kaisarpoker website kaisarpoker indonesia kaisarpoker murah kaisarpoker online kaisarpoker wap kaisarpoker login kaisarpoker today kaisarpoker loan kaisarpoker prediksi parlay kaisarpoker deposit murah kaisarpoker situs gacor kaisarpoker situs terpercaya kaisarpoker situs slot kaisarpoker deposit qris kaisar 888 kaisar poker club deposit tanpa antrian situs anti rungkat
kaisarpoker kaisarpoker link kaisarpoker club kaisarpoker 2024 kaisarpoker scatter hitam kaisarpoker slot kaisarpoker slot 5k kaisarpoker slot qris kaisarpoker slot dana kaisarpoker slot gacor kaisarpoker slot online kaisarpoker slot 5000 kaisarpoker slot pulsa kaisarpoker slot 200 kaisarpoker slot 400 kaisarpoker deposit murah kaisarpoker deposit qris kaisarpoker deposit dana kaisarpoker deposit pulsa kaisarpoker rtp slot kaisarpoker rtp live kaisarpoker situs slot kaisarpoker situs gacor kaisarpoker agen slot kaisarpoker agen pulsa kaisarpoker link gacor kaisarpoker link slot kaisarpoker pola gacor kaisarpoker anti rungkat kaisarpoker apk kaisarpoker apk slot kaisarpoker cheat slot kaisarpoker situs gacor kaisarpoker blackjack sbs kaisarpoker jackpot kaisarpoker official kaisarpoker live chat kaisarpoker daftar kaisarpoker website kaisarpoker image kaisarpoker website kaisarpoker indonesia kaisarpoker murah kaisarpoker online kaisarpoker wap kaisarpoker login kaisarpoker today kaisarpoker loan kaisarpoker prediksi parlay kaisarpoker deposit murah kaisarpoker situs gacor kaisarpoker situs terpercaya kaisarpoker situs slot kaisarpoker deposit qris kaisar 888 kaisar poker club deposit tanpa antrian situs anti rungkat
bacan4d
bacansport
bacan4d
xx1toto
mahjong scatter
xx1toto
xx1toto
bacan4d
bacansport
bacansport
xx1toto
bacansport
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
xx1toto
bacansport
xx1toto
bacan4d
xx1toto
xx1toto
bacan4d
linkbacan4d
bacan4d
bacan4d
bacansports
bacan4d
xx1toto
xx1toto
bacan4d
bacan4d
scatter hitam
xx1toto
xx1toto
xx1toto
bacan4d
bacan4d
xx1toto scatter hitam
xx1toto
bacan4d
bacansport
bacan4d
ts77casino bet 200
bacansport
aplikasi slot
xx1toto scatter hitam
bacan4d
bacan4d
situs toto
xx1toto
xx1toto
bacansport
bacan4d
xx1toto
slottoto
xx1toto
bacan4d
bacan4d
ts77casino
ts77casino
ts77casino
ts77casino
Scatter Hitam
Situs Toto
toto slot
Scatter Hitam
Situs Toto
toto slot
scatter hitam
slot mahjong wins 3
mahjong wins 3 black scatter
scatter hitam
ts77casino
ts77casino
tabel shio 2025