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Mumbai: The Securities Appellate Tribunal (SAT) has reserved its order in an appeal filed by actor Arshad Warsi challenging market regulator Sebi’s order in the YouTube stock manipulation case.
Earlier this month, the regulator in two separate orders barred 55 entities including actor Arshad Warsi and his wife Maria Goretti from the securities market for alleged price manipulation and offloading of shares by certain entities of Sadhna Broadcast and Sharpline Broadcast.
Sebi alleged that certain YouTube channel creators were manipulating stock of listed companies by engaging in share “pump and dump”.
Arshad Warsi and his wife made a profit of ₹29.43 lakh and ₹37.56 lakh, respectively, the Sebi order had said.
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