Sebi disposes of case against Prudent Broking Services

New Delhi, July 18 Markets regulator Sebi on Thursday disposed of a case against stock broker Prudent Broking Services citing “lack of evidence” in the matter of Alpesh Furiya and connected entities trading ahead of recommendations made during market shows...

PTI

Updated At : 02:22 PM Jul 19, 2024 IST

New Delhi, July 18

Markets regulator Sebi on Thursday disposed of a case against stock broker Prudent Broking Services citing “lack of evidence” in the matter of Alpesh Furiya and connected entities trading ahead of recommendations made during market shows on a television channel. In its order, Sebi noted that Alpesh Furiya is an authorised person (AP) of Prudent Broking Services and carried out alleged fraudulent trades in the accounts of Alpesh Group entities. “…Thus, due to lack of evidence, the noticee cannot be held liable as alleged.”

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