Business »  Topic »  SEBI bars 11 entities for fraudulent trading in Unisys Software and Holding Industries scrip

SEBI bars 11 entities for fraudulent trading in Unisys Software and Holding Industries scrip


The order follows a probe conducted by the regulator during January 2010 to November 2014 into the scrip of Unisys.

Markets regulator Sebi on January 16 restrained 11 entities from accessing securities market for three years for fraudulent trading in the scrip of Unisys Software and Holding Industries. During the period of restraint, the existing holding of securities, including the holding of units of mutual funds, of the entities will remain frozen, the regulator said.

"The trading behavior of the noticees has certainly been very unusual and apparently lacks honesty of intent of a genuine investor of securities market," it ...


Read the full text moneycontrol