SEBI Names Arshad Warsi, Others In Share Price Rigging Scheme Using YouTube

Published by

By Archis Chowdhury The Securities and Exchange Board of India pulled up two companies – Sharpline Broadcast Limited, and Sadhna Broadcast Limited – for engaging in a pump and dump scheme, a type of securities fraud which involves artificially boosting stock prices through fake recommendations, and selling them off at inflated prices. This particular scheme, according to SEBI, was carried out by influencers using YouTube videos to put out false and misleading information on the two companies to draw investors. Among those named in the list of noticees by SEBI were actor Arshad Warsi and his wi…

Read More

Leave a Reply