Market regulator Securities and Exchange Board of India (SEBI) on Thursday shared an interim order against the company “Sadhna Broadcast ltd" for using Youtube channels for manipulating stock prices. The regulator, in preliminary investigations, identified several entities that used the video streaming platform to pump and dump stocks. " SEBI is killing it with these enforcement orders????Yesterday's against the pump & dump schemes peddled by selling greed & unrealistic returns through social media & YouTube should serve as a powerful deterrent. These scams had become the easiest game in town for manipulators," Zerodha founder Nithin Kamath said in a tweet, praising the regulator's orders. TRENDING STORIES See All Premium Axis Bank shares may give 30% return in long term, says . . . Premium Axis shares: Brokerages remain long-term positive on st . . . Premium The world of TikTok: Ban, concerns, frenzy and losses Premium Stock manipulation via YouTube: Sebi bans actor Arshad . . . SEBI is killing it with these enforcement orders???? Yesterday's against the pump & dump schemes peddled by selling greed & unrealistic returns through social media & YouTube should serve as a powerful deterrent. These scams had become the easiest game in town for manipulators 1/4 pic. twitter. com/0HLk0XRMXe — Nithin Kamath (@Nithin0dha) March 2, 2023 "These elaborate orders should hopefully put some fear amongst unauthorized tipsters and people offering unauthorized portfolio management services. Such actors damage the sanctity of capital markets in India," he added. These entities - a mix of traders and market analysts - used four YouTube channels to market stocks, according to the regulator. SEBI's interim orders came on the back of a year-long investigation following investor complaints that alleged YouTube channels were being used to influence them to buy particular stocks. These YouTube videos peddled false and misleading news to recommend that investors should buy the Sadhna stock for extraordinary profits, Sebi said in its interim order. Subsequent to the release of the misleading YouTube videos, there was an increase in the price and trading volume of the Sadhna scrip. Sebi has classified these 31 entities into categories - creator of YouTube channels (Manish Mishra), net sellers/ promoters and profit makers (NSs), Volume Creators (VCs) and information carriers (ICs). MINT PREMIUM See All Premium Why Donald Trump is popular in Africa Premium Are you ready for India's lithium stocks gold rush? Premium Widen out consumption to avert an income trap Premium Forget chatbots, this is how US companies are using AI Kamath highlighted that at Zerodha, they show a nudge, asking users to be careful when we spot cases of pump and dump and in the last 3 years of nudges, potential scammy stock trading volumes as a percentage of overall equity volumes are down by around 90% at Zerodha. Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach. Take the test Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. More Less Topics Sebi Zerodha OPEN IN APP.