Markets regulator Sebi on Wednesday imposed a fine of Rs 1.30 crore on JLG Securities and seven individuals for fraudulent trading in the scrip of Regency Hospital.
The regulator conducted a probe in the trading of shares of Regency Hospital between April 2011 and September 2011 after it observed that "prima facie there appeared to be creation of artificial volume in the scrip of the company and influence on price in the scrip of the company."