Sebi on Monday barred four entities from the securities market for two years and imposed a penalty totalling Rs 4 crore on them for executing trades based on advance information of stock recommendations given by guest experts on the Zee Business channel.
"The said debarment period shall be reckoned from the date of the Interim order dated February 08, 2024," Sebi said in its 55-page final order.
Individually, the regulator fined Rs 50 lakh on Partha Sarathi Dhar, Rs 75 lakh each on Manan Sharecom and Kanhya Trading Company, and Rs 2 crore on SAAR Commodities.
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