SEBI issues interim order restraining family group from securities market
This is an interim order by SEBI regarding a family group of seven individuals who allegedly manipulated stock prices on the SME platform by posting recommendations on social media (X, WhatsApp, Telegram) to inflate prices before selling their own holdings. SEBI found prima facie violations of fraud and unfair trade practices regulations and issued directions to restrain them from the securities market.
Hemant Gupta, Rohan Gupta, Aniket Gupta, Sharon Gupta, Leana Gupta, Rajani Gupta, and Purvangi Gupta
- SEBI found the Noticees prima facie violated the SEBI Act, PFUTP Regulations, and (for Noticees 1-3) SEBI Research Analyst Regulations.
- The scheme involved artificially inflating prices of 82 scrips during the examination period (Dec 1, 2023 – Jan 20, 2026).
- SEBI calculated prima facie wrongful gains of INR 20.25 crores.
- Directions were issued to bar the Noticees from the securities market (implied by 'Directions have been issued accordingly' in context of interim restraint, though specific bar text is truncated, the summary states 'Directions have been issued accordingly' following findings of violation).
- Search and seizure operations were conducted from January 21 to 24, 2026, seizing electronic devices and recording statements.
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The original document
Order
2026-05-22
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Document details
| Official title | Interim order in the matter of trading in certain scrips through stock recommendations given on social media platforms Ltd. |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KV/ISD/ISD-SEC-7/32413/2026-27 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |