Sebi bars 10 entities for one year over violation of market norms

Sebi conducted a probe to determine whether the entities violated market norms while dealing in the scrip of Mystic Electronics Ltd

Markets regulator Sebi on Friday restrained 10 entities from accessing the securities market for one year for violating market norms while dealing in the scrip of Mystic Electronics Ltd.

Sebi conducted a probe to determine whether the entities violated market norms while dealing in the scrip of Mystic.

The investigation noted that the scrip of Mystic witnessed unusual fluctuation in price and volume during the period between March 19, 2013, and March 31, 2015.

Sebi noted that certain connected entities were contributing to the price