Market regulator Securities and Exchange Board of India (Sebi) has taken swift action against stock broker Patel Wealth Advisors (PWAPL), prohibiting the firm from trading in securities using its proprietary account. The ban comes after Sebi found evidence of the broker’s involvement in the manipulative trading practice known as "spoofing," which resulted in unlawful gains of approximately Rs 3.22 crore. Additionally, four directors from the firm have been restrained from any securities dealings, and Sebi has launched a comprehensive investigation into the matter.