Overview

• Patel Wealth Advisors and four directors have been banned from trading by SEBI for engaging in order spoofing over four years.
• The firm executed 621 spoofing instances across 173 stocks, manipulating both cash and derivatives markets between 2021 and 2025.
• SEBI ordered the recovery of Rs 3.22 crore in unlawful profits made through deceptive trading practices.
• Despite repeated warnings from the National Stock Exchange, Patel Wealth Advisors continued its manipulative activities.
• SEBI has introduced advanced detection methods to uncover complex fraud and announced a detailed investigation into the scheme.