SEBI order in the case of front running of own recommendations by Mr. Hemant Ghai in the matter of CNBC Awaaz “Stock 20-20” Show

SEBI vide its order dated January 13, 2021 restrained Mr. Hemant Ghai, Ms. Jaya Hemant Ghai and Ms. Shyam Mohini Ghai from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever till further directions of SEBI.

By order Mr. Hemant Ghai shall cease and desist from undertaking, directly or indirectly, any activity related to giving investment advice, sell or buy recommendations, publishing of research reports etc., related to the securities market, till further directions of SEBI.

It was observed that Ms. Jaya Hemant Ghai and Ms. Shyam Mohini Ghai have undertaken a large number of Buy-Today-Sell-Tomorrow (“BTST”) trades during the Relevant Period in synchronization with the recommendations made in the Show. Shares were bought on the previous day to the recommendations being made on the stock 20-20 show and sold immediately on the recommendation day.

CNBC TV 18 is also advised to appropriately bring to the notice of the viewers of the shows co-hosted by Mr. Hemant Ghai that SEBI has passed an interim order against him for prima facie violations of SEBI(Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003.

Pls read detailed order: https://www.sebi.gov.in/enforcement/orders/jan-2021/interim-order-dated-january-13-2021-in-the-matter-of-cnbc-awaaz-stock-20-20-show-co-hosted-by-mr-hemant-ghai_48743.html