Prashant Pathak
SEBI Action: Sanjiv Bhasin Banned in ₹11.37 Crore Front-Running Case
India’s market regulator SEBI has taken strong action against well-known stock market expert Sanjiv Bhasin, barring him from trading in the securities market. This move comes after allegations of his involvement in a front-running scam that reportedly generated illegal profits of around ₹11.37 crore.
What Happened?
According to SEBI, Bhasin and his associates were involved in a scheme where stocks were bought through a private entity before being publicly promoted. Once the stocks were hyped—especially through TV appearances, Telegram groups, and social media—retail investors rushed in, pushing prices up. At this stage, Bhasin and his group sold off their holdings, allegedly making massive gains.
Role of Media and Social Platforms
It is alleged that stock promotions were done through major business news channels and online platforms, making the scheme appear credible and influencing large numbers of retail traders.
Investigation Timeline
The fraudulent activity is believed to have taken place over several years, specifically between January 2020 and June 2024. During this time, Bhasin was associated with a well-known financial firm but parted ways with them shortly before SEBI’s action was made public.
Money Seized
SEBI has frozen assets worth ₹11.37 crore, believed to be the profits from the front-running activities. These funds will remain under investigation and may be subject to further penalties depending on the outcome.
Why This Matters
This case highlights growing concerns about how stock market advice is promoted on television and social media. SEBI’s move serves as a warning against misuse of market influence and manipulation targeting retail investors.
