Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Sebi bars Rajkot-based stock broker, 4 directors from mkt for order spoofing
The New Indian Express Sambalpur
|April 29, 2025
CAPITAL markets regulator Sebi on Monday debarred Rajkot-based stock broker Patel Wealth Advisors (PWA) and its four directors from dealing in the securities market for alleged order spoofing and directed to impound ₹3.22 crore of illegal gains made by them.
In market parlance, order spoofing is an illegal and deceptive practice wherein one places a trade order with the intent to cancel it before execution and simultaneously executes trades on the opposite side, leading to price manipulation.
The regulator in an order noted that PWA continued to indulge in unfair trade practices despite repeated show-cause notices and initial proceedings by the NSE.
This story is from the April 29, 2025 edition of The New Indian Express Sambalpur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Sambalpur
The New Indian Express Sambalpur
Frescoes of a Forgotten Facade
This Nawalgarh haveli is a confluence of Rajasthani architecture and European design
2 mins
October 26, 2025
The New Indian Express Sambalpur
1 held for Maha doctor rape, cop on run
Accused sent to police custody till October 28
1 mins
October 26, 2025
The New Indian Express Sambalpur
13 foreign nationals among 20 held as cops raid Gujarat rave party
POLICE raided a farmhouse on the outskirts of Ahmedabad city and arrested 20 people, including 13 African nationals, for allegedly consuming liquor during a late-night party.
1 mins
October 26, 2025
The New Indian Express Sambalpur
Decision to invest in Adani Group companies taken independently: LIC
LIFE Insurance Corporation of India (LIC) on Saturday denied all allegations of infusing money into the Adani Group, as reported by The Washington Post.
1 min
October 26, 2025
The New Indian Express Sambalpur
Syrup deaths: Regulator blocks info
INDIA faced intense international heat after over 100 children died due to contaminated cough syrups made by three pharma companies in The Gambia and Uzbekistan.
1 min
October 26, 2025
The New Indian Express Sambalpur
'We All Belong to the Same Roots'
Filmmaker Rishab Shetty speaks to Shama Bhagat about the grand prequel, Kantara Chapter 1, and what it's like to wear many creative hats
3 mins
October 26, 2025
The New Indian Express Sambalpur
His Second Shot
Nishil Sheth reflects on his inspiring journey from working in independent cinema to making his OTT debut with 13th
2 mins
October 26, 2025
The New Indian Express Sambalpur
The Forgotten Leader
Jaipal Singh Munda was one of the most prolific figures in Indian political and sports history.
2 mins
October 26, 2025
The New Indian Express Sambalpur
TO BELIEVE OR NOT: FIGHTING DISINFORMATION
O believe or not to believe—that is the question confronting most of us in these times of information inundation.
3 mins
October 26, 2025
The New Indian Express Sambalpur
In Hinduism, Even the Creator was Created
The word Sanantan Dharma used by politicians tries to proclaim that Hinduism is unchanging and the only disruption came because of Muslims and British, and their political opponents.
3 mins
October 26, 2025
Listen
Translate
Change font size