SEBI cracks industrial‑scale pump‑and‑dump, bars over 220 entities and levies ₹144 cr penalty
The regulator’s 394‑page order exposed a coordinated scheme that inflated five small‑cap stocks using fake broker SMS blasts and layered fund transfers. SEBI barred 221 entities for up to seven years and imposed penalties totalling ₹143.79 crore, clawing back illicit gains and signalling tougher enforcement.