SEBI Freezes ₹28 Crore, Bars Broker From Derivatives Trading over Price Rigging

Sebi bars two entities over alleged cross-derivatives manipulation

India's market watchdog has intervened, prohibiting two companies for their role in stock derivative price manipulation. They reportedly employed advanced options and futures strategies to make significant profits, deliberately incurring losses in stock futures to sway option prices. The focus of this manipulation was notably on smaller-cap stocks, which are more susceptible to such tactics.

SEBI freezes ₹28 crore, bars broker from derivatives trading over price rigging

SEBI freezes ₹28 crore from a Mumbai broker for price rigging in derivatives trading, barring them from future trades.

SEBI cracks down on alleged futures-options manipulation, freezes Rs 28.12 crore

Digital Desk | Mumbai, Sep 16 (IANS) The Securities and Exchange Board of India (SEBI) on Wednesday said that it has uncovered an alleged cross-segment market manipulation strategy involving stock futures and options, and has frozen gains worth Rs 28.12 crore while restricting two entities and four individuals from participating in derivatives trading. In an ex parte interim order, SEBI Whole Time Member Kamlesh Chandra Varshney directed Prrsa…