Sebi bars over 30 entities in SMS Techsoft case

SEBI bars over 30 firms in SMS Techsoft case SEBI barred more than 30 entities from the securities market for at least ten years for alleged fraudulent transactions in the shares of SMS Techsoft. In February-March 2013, there was a burst of short text messages (SMSs) mentioning buy recommendation for SMS Techsoft shares. An investigation found that various entities portrayed fraudulent transactions as genuine preferential allotment of shares.PTI