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SEBI bars 3 market players from trading for three years

Last Updated: Saturday, January 2, 2010 - 00:40

Mumbai: SEBI has debarred three market
players from dealing in securities for three years for
manipulating trading in shares of Nissan Copper.

"...SEBI has passed an order...restraining Deven Patel,
Tejas Patel and Smitaben N Shah from buying, selling or
dealing in securities market in any manner whatsoever or
accessing the securities market, directly or indirectly, for a
period of three years," the market regulator said.

SEBI also asked the Bombay Stock Exchange and the
National Stock Exchange to remit the unlawful gains to the
tune of Rs 2.36 crore made by these three players and withheld
by the stock exchanges to it within 15 days.

SEBI will then transfer the amount to the Consolidated
Fund of India.

PTI



First Published: Saturday, January 2, 2010 - 00:40

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