SEBI bars 7 people over alleged social media stock manipulation

SEBI on Friday barred seven individuals from the securities market over allegations of manipulating shares of 82 small companies through social media platforms. The regulator alleged that Hemant Gupta, along with family members, used Telegram, WhatsApp and X to influence stock prices. SEBI said the group made alleged unlawful gains of over ₹200 million, subject to further investigation.