Sebi issues remittance advice against Saurabh Gupta over Sadhna Broadcast
According to the Securities and Exchange Board of India, a remittance advice is issued against defaulter Saurabh Gupta over Sadhna Broadcast.
Growth Brief DeskPublished Updated 1 min read
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Key facts
- According to SEBI, a general remittance advice has been issued against Saurabh Gupta.
- The action falls under Recovery Certificate No. 9250 of 2026.
- The case involves YouTube stock recommendations in Sadhna Broadcast Ltd.
According to the Securities and Exchange Board of India, a general remittance advice has been issued against Saurabh Gupta.
The action falls under Recovery Certificate No. 9250 of 2026. It relates to trading-based stock recommendations using social media YouTube in the scrip of Sadhna Broadcast Ltd., with Gupta listed as a defaulter.
Why it matters
This regulatory action highlights the Securities and Exchange Board of India's ongoing crackdown on illegal stock recommendations propagated through social media platforms like YouTube. For investors and market participants, the enforcement underscores the risks associated with unverified financial advice and market manipulation in smaller scrips. By pursuing recovery certificates against defaulters, the market watchdog aims to enforce compliance, protect retail investors, and deter bad actors from exploiting digital channels for illicit financial gains.
- Regulatory Policy
- SEBI