Context:
In a rare and significant regulatory action, the Securities and Exchange Board of India (SEBI) has barred Sanjiv Bhasin, Director at IIFL Securities, from participating in the securities market for engaging in fraudulent front-running practices—a first involving a high-profile research analyst.
Key Findings by SEBI
Nature of Violation
- Bhasin purchased stocks prior to recommending them publicly on television channels and IIFL’s Telegram channel.
- After recommending these stocks to the public—mainly “buy” calls—he sold them post-price surge, thereby securing illicit gains.
- Front Running
- Front running generally involves exploiting non-public information about a large impending trade to profit from the subsequent price movement.
Stocks Involved
Free live session
NABARD Sprint 60: the 2025 cut-offs and your 60-day Phase I plan
8 of the top 10 in NABARD Grade A 2025, Rank 1 included, and Rank 1 back to back before that in 2021 and 2022: all prepared with C4S. The 2025 cycle was the toughest on record at every stage. This session reads those numbers properly and turns them into a 60-day, week-by-week plan for Phase I.
In 2 days · Sun, 11 Oct at 7:30 PM IST · 75 minutes · free
“RBI MPC Unpacked: Key Theory Meets Today’s Macro Trends”Tap to play · from the C4S channel
- Prominent listed entities such as:
- L&T Technology Services
- Parag Milk Foods
- InterGlobe Aviation
- SAIL
- Godrej RCP
