Fraudulent trades: Sebi bars TV anchor, five others from securities markets

Sebi on Monday barred Pradeep Pandya, who was anchoring stock market shows on a television channel, three other individuals and two entities from the securities market for indulging in fraudulent trading activities.

Passing an interim order, the regulator also directed impounding Rs 8.4 crore-worth proceeds from the fraudulent trades.

CNBC Awaaz anchor Pradeep Pandya, Alpesh Furiya, Manish Furiya, Alpa Furiya, Alpesh Vasanji Furiya HUF and Manish V Furiya HUF have been restrained from buying, selling or dealing in securities till further orders.

Pradeep Pandya and Alpesh Furiya have also been directed to “cease and desist” from undertaking, directly or indirectly, any activity related to giving investment advice, sell or buy recommendations, publishing of research reports related to the securities market through any media till further directions.