Sebi bars seven entities in social media stock recommendations, alleges Rs 58 crore gains
- Posted on May 22, 2026
- By Business News Today
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- 1 min read
Sebi bars seven entities in social media stock recommendations, alleges Rs 58 crore gains
The market regulator Sebi barred seven individuals for allegedly generating Rs 58 crore in wrongful gains by using social media (including X) to disseminate stock recommendations. They allegedly traded ahead of their posts to profit from price movements in small and mid-cap stocks.
