Sebi bars 22 brokers for reversal trading

Sebi on Wednesday barred 22 stock brokers from the securities market for executing 'reversal trade' worth around ₹8,100 crore in the stock options segment, to generate fictional profit and losses. Reversal trading is an arbitrage strategy of entering the opposite side of a currently held futures position. Sebi had earlier barred 59 entities from markets last year for suspicious trading.

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