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Sebi bars TV anchor Hemant Ghai, wife and mother for 'fraud in trading'

The accused allegedly bought shares ahead of giving buy recommendations

The regulator has asked Ghai to refrain giving investment advice, either directly or indirectly.
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The regulator has asked Ghai to refrain giving investment advice, either directly or indirectly. | Photo: @hemant_ghai

Samie Modak Mumbai
The Securities and Exchange Board of India (Sebi) on Wednesday barred a television (TV) anchor Hemant Ghai, his wife and mother from accessing the capital markets for indulging in fraudulent trading activity.

The market regulator has alleged that the three individuals pocketed nearly Rs 3 crore between January 2019 and May 2020 by dealing in stocks that were being recommended on TV show Stock 20:20 on CNBC Awaaz, a leading business news channel.

“It was observed that Jaya Hemant Ghai (wife) and Shyam Mohini Ghai (mother) have undertaken a large number of Buy-Today-Sell-Tomorrow (BTST) trades during the relevant period in

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