SEBI banned Arshad Warsi
At present, there are 16 stock exchanges in the world whose market capitalization is considered to be more than about 1 trillion US dollars.Out of all these 16 stock exchanges, the New York Stock Exchange ranks first in the world, along with the Indian capital market. One of the world’s largest capital markets, the oldest and main stock exchange of the market is Sunex, also known as BSE-30.
SEBI (security and exchange board of India)
It is also known as SEBI. It is a statutory regulatory authority that oversees the Indian capital markets. It regulates the markets of India whose basic function is to protect the interests of investors and promote the markets as well as regulate SEBI is governed by all board members. This board consists of a chairman and other members. Its chairman is elected by the central government and 200 countries of the Ministry of Finance as well as the Reserve Bank of India. There is one member and a total of 5 members are nominated by the central government. Its headquarter is located in Mumbai and the rest of the regional offices are also located in Ahmedabad, Kolkata, Chennai and Delhi.
Its main function is to protect the markets of India as well as to protect the investors and promotes the development of the market there and regulates trade.
Recently Bollywood veteran actor Arshad Warsi and his wife Maria and 43 other institutions have been banned from the market by SEBI. The main reason for the ban is that they did stock manipulation in pump and dump scheme through YouTube, in which they also suffered huge losses. had to suffer
what is pump and dump scheme
In this scheme, this scheme is a kind of fraudulent scheme. In this scheme, the stock price goes up and down by inserting false and misleading information. Before dying, buys the stock at a low price and sells the stock at a fair price. It is put to sleep and in order to increase its profits, the news of taking its stock from the investment is spread, due to which the price of that stock increases and the investor can sell his shares for good money from the scheme of pump.
In this case, he has also been banned from the markets by taking action against him and he has also been accused of doing hair fair. According to the allegations, misleading videos on YouTube channels have led investors to buy shares towards positive comments about the company. Told about and appealed to them to buy shares, have not even found that the share price of some companies is high and then all of a sudden it has also fallen down at the same time, which is due to the plan of pump and dump.
SEBI has noted that Arshad Warsi has made a profit of around ₹300000 and his wife has earned around ₹3800000 from the broadcast but Arshad Warsi has denied any share manipulation and involvement in any scheme
He has said in his explanation he said don’t believe the news and whatever news you read and he also told that both he and his wife have to listen to stock information he says that Warsi They have claimed that they took advice and invested in Saradha yes but the big deal is that just like everyone else we also lost all our hard earned money.
Rights and Powers of SEBI.
The government has given everyone some rights and powers too.
To work efficiently and keep an eye on any investment there are certain powers like
SEBI has the powers to give certain decisions with respect to any kind of fraud and manipulation in the context of the market, including drafting legislation related to the capital market. helps in
SEBI also has the authority to enforce rules and regulations and take legal action against violators. They are given special powers to inspect investors’ accounts and documents without warrant.
SEBI also has the right to make laws to protect the interests of the investors and also has the right to file a complaint against the person for their violation. Can and audit his works as well as check his records and bank