SEBI has barred market expert Sanjiv Bhasin from trading for his alleged involvement in a front-running and manipulation case. The market watchdog also ordered the impounding of ₹11.37 crore in illegal gains tied to stock tips circulated via Telegram.
In a major development that has sent shockwaves through the Indian stock trading community, the Securities and Exchange Board of India (SEBI) has barred Sanjiv Bhasin—a well-known market expert—from accessing the capital markets. This action follows SEBI’s investigation into an alleged “pump-and-dump” operation conducted through social media platforms.
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According to SEBI, Bhasin and his associates operated a Telegram channel named “Investment Insight Profit Link” (IIPL), where they shared stock recommendations with thousands of retail investors. However, before releasing these stock tips to the public, the accused entities allegedly purchased the same shares at lower prices, only to sell them at a profit after retail demand surged.
Key Findings from SEBI’s Investigation:
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Sanjiv Bhasin was linked to a stock manipulation scheme using pre-planned stock tips.
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The scheme involved acquiring stocks before making public recommendations via the IIPL Telegram channel.
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After retail traders bought in, the accused offloaded their shares at inflated prices.
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The total unlawful gain calculated stands at ₹11.37 crore, which SEBI has ordered to be impounded.
SEBI has described the case as a classic example of front-running and market manipulation. In addition to banning Bhasin from participating in securities markets, the regulator’s interim order also imposes restrictions on his associates and related entities.
This development has tarnished the reputation of Bhasin, who was widely followed for his stock market advice on television and social media. The incident also raises concerns about the influence of unregulated digital platforms in shaping retail investor behavior.
Impact on Retail Investors
The case underscores the vulnerability of retail investors who follow unverified stock tips circulated online. SEBI has urged the public to remain cautious and verify credentials before acting on investment advice—especially those promoted on social media channels without regulatory oversight.
