India: SEBI warns Bharat J Patel
Posted by nileshkokane on 30 June, 2010
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This item was filled under [ Asia, Financial Regulators ]
On February 1, 2010, the Securities and Exchange Board of India warned Bharat J Patel to be careful and cautious in the conduct of his business and to adhere to and comply with all the statutory provisions while carrying out his activities in the securities market. It is alleged that Mr. Patel had executed 20 structured deals for 5,00,000 shares on BSE while trading for his clients, which created artificial volume and price rise in the shares of Sunearth.
The original article can be found at the Securities and Exchange Board of India.
