Do you blindly follow stock tips from TV or Telegram channels? This case is a serious wake-up call for every retail investor.
SEBI Busts Sanjiv Bhasin’s ₹11 Cr Pump & Dump Scam – exposing a dangerous trap.
Let’s Decode: Sanjiv Bhasin SEBI action pump dump scam explained
Short Summary:
Date: 17 June 2025
Name: Sanjiv Bhasin
Scam Amount: ₹11.37 Crores
Action by SEBI: Market ban + Funds impounded
Reason: Pump & Dump using media and social tips
Do you rely on TV tips, Telegram channels, or social media posts to decide your trades in the stock market? Think twice. A recent case by SEBI proves how blind trust in “experts” can lead to disaster.
What Happened?
On 17 June 2025, SEBI (Securities and Exchange Board of India) issued an interim order banning Sanjiv Bhasin and 11 others from accessing the securities market. They were found guilty of executing a “Pump & Dump” scam worth ₹11.37 crore.
Sanjiv Bhasin, a popular figure seen on stock market TV shows and social platforms, allegedly used his public image to give buy calls on specific stocks while secretly selling his own holdings in those same stocks.
SEBI’s 149-page order contains evidence such as:
- WhatsApp chats
- Call recordings
- Trade logs showing front-running
What is Pump & Dump?
Pump and Dump is a market manipulation technique where the scammer:
- Buys a stock at a low price
- Promotes it heavily to raise the price artificially (“Pump”)
- Sells the stock at the peak to exit (“Dump”)
The result? Retail investors, who buy late, suffer huge losses when the price crashes.
How Did the Scam Work?
- Bhasin and his associates would purchase stocks beforehand.
- He would then go live on television and Telegram channels to recommend those same stocks.
- Once retail traders jumped in and prices surged, they sold their holdings for profit.
This activity was repeated multiple times over several months, with patterns clearly visible in SEBI’s findings.
Why It Matters for Retail Investors
This case is a wake-up call. No matter how confident or credible someone appears, following stock tips blindly can lead to serious financial losses.
SEBI’s strict action shows that regulations are in place to protect retail investors, but awareness and education are equally important.
Twist in the Tale: From Stocks to Astrology
Interestingly, after scrutiny increased, Sanjiv Bhasin shifted his focus from financial advice to astrology. He began sharing cosmic updates like “Mars enters Leo” instead of stock tips. Coincidence? You decide.
Vedio-Sanjiv Bhasin SEBI ACTION pump dump scam
Lessons You Must Learn
Protect yourself by:
- Avoiding impulsive decisions based on social media or TV
- Doing your own research or consulting licensed advisors
- Learning basic stock market principles
Was Sanjiv Bhasin a SEBI-registered advisor?
No – he provided stock recommendations as a contractual consultant via TV and Telegram, but did not hold a SEBI Investment Adviser registration, which requires disclosure and trading restrictions.
Conclusion
Profit in the stock market requires knowledge, discipline, and research. Scams like these serve as a reminder: Don’t chase shortcuts. Learn before you earn.
Disclaimer:
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