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Econo Trade (India) Limited has received a final order from SEBI, finding the company deeply involved in a market manipulation scheme orchestrated by Mr. Hanif Shekh. The regulator determined that Econo Trade, despite being an RBI-regulated NBFC, acted as a conduit for channeling illicit profits generated from manipulated stock trades. These financial flows were often disguised through fabricated loan agreements. SEBI highlighted the company's pivotal role in enabling the larger scheme. Consequently, Econo Trade faces a 6-year ban from accessing the securities market and a monetary penalty of ₹2 crore, along with the disgorgement of unlawful gains.