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Actor Arshad Warsi, wife Maria penalised over share pump-and-dump scheme
short by Ankush Verma / on Thursday, 2 March, 2023
The Securities and Exchange Board of India (SEBI) has penalised actor Arshad Warsi, his wife Maria Goretti and others for making illegal gains through a share pump-and-dump scheme with YouTubers. SEBI has barred them from further accessing the markets. Share pump-and-dump schemes come under the financial fraud category, where tradable asset holders use tactics to deceive other investors.
read more at Moneycontrol