Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia
3 weeks, 1 day ago

Sebi against exuberance, price manipulations in SME listings; board to discuss it soon: WTM Bhatia

Live Mint  

Mumbai, Dec 17 Capital markets regulator Sebi wants to prevent exuberance, price manipulations and fraudulent trading practices on the Small and Medium Enterprises exchange, a senior official said on Tuesday. Addressing the India SME Banking Summit here, Whole Time Member Ashwani Bhatia said the regulator's board will be taking up the issue at its forthcoming meeting. "We are cognisant of the fact that we need to prevent exuberance, price manipulation or fraudulent trading practices," Bhatia said, addressing a seminar on Tuesday. "'We shall be discussing this in the forthcoming Sebi board meeting which will happen shortly," Bhatia said.

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History of this topic

Explained: Why Ola Electric share price fell over 5% today
1 day, 8 hours ago

Explained: Why Ola Electric share price fell over 5% today

India Today  

Shares of Ola Electric Mobility Ltd declined over 5% during Wednesday’s trading session after the company received an administrative warning from the Securities and Exchange Board of India for non-compliance with disclosure norms. The market regulator took issue with a material announcement made by Ola Electric’s promoter and Chairman-cum-Managing Director Bhavish Aggarwal on X at 9:58 am on December 2, …

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?
2 weeks, 2 days ago

This stock rallied 10,000% over ‘fake’ disclosures and now is in Sebi’s crosshairs. Do you own it?

Live Mint  

Securities and Exchange board of India on Monday suspended trading in shares of Bharat Global Developers Ltd., the latest in a string of crackdowns on companies manipulating their stock price through accounting frauds and fake disclosures. Stocks Rallied Over 10,000% In 1 Year Shares of the Gujarat-headquartered company surged over 10,000% in the 12-month period ending November as it announced …

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year
Trending News
2 weeks, 2 days ago

Sebi suspends Bharat Global trading after stock rally 10,000 per cent in one year

New Indian Express  

MUMBAI: The market regulator Sebi has ordered the suspension of trading in Bharat Global Developers’ stocks, which have surged more than 10,000 per cent in the past year. The decision came after it was discovered that the company had falsely claimed to have secured large orders from marquee corporates like Reliance, Tata Group, UPL, and McCain India Agro. In a …

SEBI suspends trading of Bharat Global Developers over financial misrepresentation
2 weeks, 3 days ago

SEBI suspends trading of Bharat Global Developers over financial misrepresentation

Deccan Chronicle  

New Delhi: Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. In fact, such wealth has arisen from misrepresentation of the company's business and financials to general investors and shareholders," Sebi Whole Time Member Ashwani Bhatia said in his 25-page order. Accordingly, Sebi in …

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation
Top News
2 weeks, 3 days ago

Sebi suspends trading of Bharat Global Developers shares over financial misrepresentation

Hindustan Times  

Markets regulator Sebi on Monday suspended trading in Bharat Global Developers Ltd for financial misrepresentation, misleading disclosures, price manipulation, and offloading shares at inflated prices. The SEBI Bhavan at BKC Bandra in Mumbai Additionally, the regulator has barred the company, its managing director Ashok Kumar Sewada, CEO Mohsin Shaikh and directors --Dinesh Kumar Sharma and Nirali Prabhatbhai Karetha -- and …

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation
Trending News
2 weeks, 3 days ago

Sebi halts trading in Bharat Global Developers over suspected stock price manipulation

Live Mint  

The market regulator has suspended trading in Bharat Global Developers Ltd’s shares until further notice over allegations of fraudulent activities and false disclosures in a rare such action. "The shocking falsities presented by BGDL as legally required disclosures to the exchange expose a clear fraudulent scheme," said Sebi's order, authored by whole-time member Ashwani Bhatia. Regulator's scrutiny Citing Sebi's proactive …

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms
4 weeks, 2 days ago

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms

Deccan Chronicle  

The Securities and Exchange Board of India has issued a cautionary advisory to investors, warning against trading in securities of unlisted public limited companies on unauthorized electronic platforms.In a statement, SEBI highlighted that certain electronic platforms and websites have been facilitating such transactions, which violates the Securities Contract Act, 1956, and the SEBI Act, 1992. These laws are intended to …

Are SEBI’s new F&O rules successful in curbing Indian stock market’s volatility? Experts weigh in
4 weeks, 2 days ago

Are SEBI’s new F&O rules successful in curbing Indian stock market’s volatility? Experts weigh in

Live Mint  

However, the efficacy of these changes is now being questioned by experts, as they anticipate some unintended consequences.Earlier this year, the Securities and Exchange Board of India announced new rules to tackle high volatility in the derivatives market and safeguard the interest of retail investors. Impact on Retail Traders Retail investors, who are often drawn to the quick profit potential …

From light regulation to accountability: How Sebi is rethinking SME IPO rules
1 month, 1 week ago

From light regulation to accountability: How Sebi is rethinking SME IPO rules

Live Mint  

Markets regulator Securities and Exchange Board of India has recently identified several concerns plaguing the SME space such as misuse of IPO proceeds, fund diversion, promoter exits and market misconduct. Sebi’s well-thought-out light regulatory framework was introduced in 2012 to boost SME listings aimed at contributing to economic growth. To address these challenges, Sebi now proposes to tighten the framework …

SEBI directs MIIs to establish SOPs for disciplinary actions against KMPs
1 month, 2 weeks ago

SEBI directs MIIs to establish SOPs for disciplinary actions against KMPs

Live Mint  

The Securities and Exchange Board of India has issued new directives for Market Infrastructure Institutions to develop internal Standard Operating Procedures for disciplinary actions against Key Managerial Personnel in case of non-compliance with regulatory requirements and internal guidelines. Sebi’s regulations stipulate that all MIIs must adhere to the same corporate governance norms and disclosure requirements as those for listed companies. …

Sebi investigating if Adani group flouted disclosure rules
1 month, 2 weeks ago

Sebi investigating if Adani group flouted disclosure rules

Live Mint  

India’s capital markets regulator is looking into whether the Adani group violated rules mandating the disclosure of market-moving information, according to people with knowledge of the matter. The Securities and Exchange Board of India has asked officials at the stock exchanges if Adani Green Energy Ltd failed to properly disclose the US Justice Department’s investigation into bribery allegations, the people …

Sebi proposes revisions to custodian regulations
1 month, 3 weeks ago

Sebi proposes revisions to custodian regulations

Live Mint  

The Securities and Exchange Board of India has issued a consultation paper seeking feedback on proposed updates to the Sebi Regulations, which govern the operations of custodians in the Indian securities market. Given the importance of custodians in ensuring smooth market operations, especially for institutional investors, the consultation paper proposes several changes to enhance regulatory oversight and operational resilience. Sebi …

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice
2 months ago

SEBI warns investors against unauthorised virtual trading, gaming platforms offering stock price-based advice

Live Mint  

The Securities and Exchange Board of India on Monday cautioned investors about unauthorised virtual trading and gaming platforms that provide trading advice based on stock prices. “By mimicking securities market activities and promising financial returns, many of these platforms can create an unauthorised trading experience that often leads to investor exploitation,” said Sumit Agrawal, founder of Regstreet Law and former …

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading
3 months, 2 weeks ago

SEBI must reveal ‘big players’ making profits at expense of small investors: Rahul Gandhi on ‘uncontrolled’ F&O trading

Live Mint  

Senior Congress leader Rahul Gandhi said on Tuesday, September 24, that capital markets regulator Securities and Exchange Board of India must reveal the names of the ‘big players’ who have been making profits at the expense of small retail investors. Amid the Congress vs SEBI row where the opposition has repeatedly attacked SEBI chairperson Madhabi Puri Buch over corruption charges, …

'Unrealistic': Sebi warns investors amid surge in oversubscribed SME IPOs
4 months, 1 week ago

'Unrealistic': Sebi warns investors amid surge in oversubscribed SME IPOs

India Today  

In light of the recent surge in oversubscribed SME IPOs, market regulator Securities and Exchange Board of India has issued a warning to investors about the risks associated with overly optimistic company portrayals. The market regulator's advisory highlights that some SME companies and their promoters have been engaging in practices that create an unrealistic view of their operations. Resourceful Automobile’s …

​Step down: On upholding the integrity of SEBI
4 months, 3 weeks ago

​Step down: On upholding the integrity of SEBI

The Hindu  

Not since the Harshad Mehta scam of 1992 has India’s securities regulations and oversight come under such scrutiny. However, the accusations of a conflict of interest levelled by New York-based short-seller Hindenburg Research against SEBI chairperson Madhabi Puri Buch in the conduct of the ongoing investigations against the Adani Group, the Ahmedabad-based global infrastructure to FMCG major, for alleged stock …

SEBI Releases Master Circular On Surveillance of Securities Market
5 months, 3 weeks ago

SEBI Releases Master Circular On Surveillance of Securities Market

Live Law  

The Securities and Exchange Board of India has recently issued Master Circular on the Surveillance of the Securities Market. Under the new guidelines, SEBI mandates that trading in certain securities, including those affected by corporate actions such as mergers, demergers, and capital reductions, must initially occur in the Trade for Trade segment. The circular stated that such misinformation, often disseminated …

Sebi planning series of tweaks to address option trading risks: Report
6 months, 3 weeks ago

Sebi planning series of tweaks to address option trading risks: Report

Hindustan Times  

India's markets regulator Sebi is reportedly considering a series of tweaks to its derivative trading rules. The changes will be aimed at addressing risks arising from explosive growth in options trading and could include higher margins for options contracts and more detailed disclosures, news agency Reuters reported. A source told Reuters that “there was a need for appropriate risk disclosure …

Pockets of Froth in Mid, Small Caps that can Build into Bubble Says Sebi Chief
9 months, 4 weeks ago

Pockets of Froth in Mid, Small Caps that can Build into Bubble Says Sebi Chief

Deccan Chronicle  

The Securities and Exchange Board of India chairperson Madhabi Puri Buch on Monday raised concerns about potential manipulation in the Initial Public Offerings of Small and Medium Enterprises. I think as a first step we are clear that some more disclosures are needed in terms of the risk factors.” Buch was speaking to women journalists on the back of Women’s …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

SEBI sets conditions for National Stock Exchange IPO. These are…
1 year ago

SEBI sets conditions for National Stock Exchange IPO. These are…

Hindustan Times  

The Securities and Exchange Board of India has laid down some important conditions for the National Stock Exchange's proposed initial public offering, media reports said on Monday. According to Zee Business, the NSE had filed its draft papers for the IPO with SEBI in December 2016, with a plan to raise ₹10,000 crore from the public issue, which was planned …

Sebi extends timeline for verification of market rumours by listed entities
1 year, 3 months ago

Sebi extends timeline for verification of market rumours by listed entities

Live Mint  

The Securities and Exchange Board of India has extended the timeline for verification of market rumours by listed entities. “It has been decided to extend the effective date of implementation of the proviso to regulation 30 of the LODR Regulations for top 100 listed entities by market capitalization, to February 1, 2024 and for top 250 listed entities by market …

SEBI suppressed important facts, 'slept over' DRI info on stock manipulation by Adani: Petitioner tells SC
1 year, 3 months ago

SEBI suppressed important facts, 'slept over' DRI info on stock manipulation by Adani: Petitioner tells SC

Hindustan Times  

Market regulator SEBI suppressed important facts from the Supreme Court and "slept over" Directorate of Revenue Intelligence's letter on alleged stock manipulation by the Adani firms, one of the PIL petitioners in the Adani-Hindenburg row has alleged in the top court in an affidavit. READ | '22 out of 24 matters probed’: SEBI submits status report to SC in Adani …

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court
1 year, 3 months ago

SEBI Concealed 2014 DRI Alert About Adani Group Manipulations, Has Conflict Of Interest : Petitioner Tells Supreme Court

Live Law  

In the Adani-Hindenburg matter, the petitioner seeking a Court monitored investigation against the Adani group companies has filed a new affidavit in the Supreme Court in the light of the recent investigative reports published by certain media houses against the conglomerate. The affidavit also provided details of alleged suppression of facts by SEBI before the Supreme Court and incriminating findings …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 4 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

SEBI still probing 13 overseas entities’ holdings in Adani group
1 year, 4 months ago

SEBI still probing 13 overseas entities’ holdings in Adani group

The Hindu  

The Securities Exchange Board of India said its investigation into two crucial aspects raised by the Hindenburg Research report against the Adani Group continues to be in an “interim” stage. One of the two investigations which has so far foxed SEBI is about the 13 overseas entities who were classified as public shareholders of the Adani group of companies. Explained …

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms
1 year, 5 months ago

After Supreme Court panel’s report in Adani-Hindenburg case, Sebi seeks to tighten FPI norms

Hindustan Times  

The Securities and Exchange Board of India informed the Supreme Court on Monday that its board has approved a proposal mandating granular disclosures for certain categories of foreign portfolio investors, more than a month after a court-appointed expert committee to probe the Adani-Hindenburg episode raised certain red flags regarding the current FPI regulations. On May 17, the apex court gave …

SEBI board meet today: Here is what is on the agenda
1 year, 6 months ago

SEBI board meet today: Here is what is on the agenda

Live Mint  

The Securities and Exchange Board of India board meeting could discuss a number of controversial policies, said moneycontrol in its report. According to the news report, there are some that seek to regulate the total expense ratio charged by mutual fund houses, others that seek additional disclosures from foreign portfolio investors to verify that businesses are not in violation of …

IIFL Securities shares tank over 18% on Sebi order
1 year, 6 months ago

IIFL Securities shares tank over 18% on Sebi order

Live Mint  

IIFL Securities share price plunged over 18% in early deals on Tuesday after capital market regulator Securities and Exchange Board of India barred the company from taking new clients for 2 years. However, IIFL Securities said that the Sebi’s order does not affect the company's existing business with the existing clients. Read Here: SEBI bars IIFL Securities from taking new …

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations
1 year, 7 months ago

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations

The Hindu  

Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. But the findings of a six-member expert panel, tasked by the Court to review Indian securities market’s overall regulatory and investor …

SEBI proposes curbs on derivative-linked share moves
1 year, 7 months ago

SEBI proposes curbs on derivative-linked share moves

The Hindu  

The Securities and Exchange Board of India, India’s market regulator, proposes measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed in a consultation paper late on May 21 that if a share in the futures and options segment falls or rises by 10% a day, …

SEBI proposes tighter regulations to curb share price volatility in futures and options segment
1 year, 7 months ago

SEBI proposes tighter regulations to curb share price volatility in futures and options segment

Hindustan Times  

India’s market regulator proposed measures to contain extreme price movements in shares on which futures and options trade, including longer trading suspensions and restricting price movements. SEBI proposed that if a share in the futures and options segment falls or rises by 10% a day, trading would be suspended for an hour. The Securities and Exchange Board of India proposed …

SC offers 3-month extension to Sebi on Adani group case
1 year, 7 months ago

SC offers 3-month extension to Sebi on Adani group case

Live Mint  

The Supreme Court on Friday offered an additional three months to the Securities and Exchange Board of India to complete its investigation into the alleged violation of laws by the Adani group, expressing reservations about the regulator’s request for a six-month timeframe. The court, however, said it would review the Justice Sapre committee’s report on regulatory failure and breach of …

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades
1 year, 8 months ago

Sebi slaps ₹25 lakh fine on 5 entities for non-genuine trades

Live Mint  

The Securities and Exchange Board of India levied penalties amounting to ₹25 lakh on five entities for engaging in fraudulent transactions in the illiquid stock options segment on the Bombay Stock Exchange. As per media reports, in five separate orders, the watchdog levied a fine of ₹5 lakh each on Natraj Dealtrade, Queen Tie-Up Pvt Ltd, Octagon Merchants, Noble Tradelink …

Explained | How is the stock market regulated in India?
1 year, 10 months ago

Explained | How is the stock market regulated in India?

The Hindu  

The story so far: On February 10, the Supreme Court asked the Securities and Exchange Board of India and the government to produce the existing regulatory framework in place to protect investors from share market volatility. The SCRA empowers SEBI to recognise stock exchanges, prescribe rules and bye laws for their functioning, and regulate trading, clearing and settlement on stock …

SEBI's New Norms to Prevent Brokers From Retaining Investors' Money at End of Trading Day
1 year, 11 months ago

SEBI's New Norms to Prevent Brokers From Retaining Investors' Money at End of Trading Day

News 18  

The Securities and Exchange Board of India, the regulatory body that monitors the activities of the stock market, has taken a big step to eliminate the possibility of misuse of investors’ money by financial brokers. SEBI has proposed to prohibit trading members and ‘clearing’ members from holding investor money till the end of the day and return the entire amount …

Without naming Adani Group, SEBI says measures are in place to address excess volatility
1 year, 11 months ago

Without naming Adani Group, SEBI says measures are in place to address excess volatility

The Hindu  

Amid a raging controversy over a meltdown in Adani group stocks, regulator Securities and Exchange Board of India on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement …

Sebi’s plan to separate brokers from your money
2 years ago

Sebi’s plan to separate brokers from your money

Live Mint  

In the third week of October, brokers from across India had gathered at the Taj Lands End hotel in Mumbai for their first mega physical gathering since the onset of the pandemic. If Sebi’s plans go ahead, brokers will only execute buy or sell trades and no money from an investor’s bank account will go into a broker’s account. How …

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms
2 years, 3 months ago

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms

Hindustan Times  

Securities Exchange Board of India chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has no business to suggest pricing of the initial share sale of new-age technology companies. Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the …

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi
2 years, 10 months ago

Ex-chief of National Stock Exchange sought advice from Himalyan Yogi, says Sebi

India Today  

The former head of India's largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the market regulator has found, ahead of the bourse's much-awaited public listing. In a case of "bizarre misconduct" that was a "glaring breach" of regulations, Chitra Ramkrishna, the former chief executive of National Stock Exchange, shared …

Why Sebi’s algo trading proposals worry brokers and fintechs
3 years ago

Why Sebi’s algo trading proposals worry brokers and fintechs

Live Mint  

The Securities and Exchange Board of India has issued a discussion paper on regulating algorithmic trading, or trades generated out of automatic execution and logic. A working group constituted by Sebi lays the responsibility with the brokers as intermediaries and the exchange as the first-line regulator when retail investors subscribe to algo services. Many experts say the paper reinforces the …

SEBI clears norms for gold exchanges
3 years, 3 months ago

SEBI clears norms for gold exchanges

The Hindu  

The board of the Securities and Exchange Board of India, on Tuesday approved the framework for a gold exchange as well as for vault managers. Existing stock exchanges will be allowed to provide the platform for trading of EGRs, SEBI said after the board meeting held in Mumbai on Tuesday. The SEBI board also approved an amendment to SEBI Regulations …

SEBI probed 94 new cases for flouting securities law in FY21
3 years, 5 months ago

SEBI probed 94 new cases for flouting securities law in FY21

India TV News  

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by the Securities and Exchange Board of India in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. "During 2020-21, 94 new cases were taken up for investigation and 140 cases completed …

Coronavirus Outbreak: SEBI reaches out to market participants; discusses capital raising, disclosure issues
4 years, 7 months ago

Coronavirus Outbreak: SEBI reaches out to market participants; discusses capital raising, disclosure issues

Firstpost  

Tyagi said SEBI has been responding to market developments through appropriate measures in consultation with various stakeholders. New Delhi: Regulator SEBI on Wednesday discussed several issues pertaining to raising of capital and corporate debt market with corporates as well as promised to look into the challenges being faced by them due to the COVID-19 crisis. In a conference call with …

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
4 years, 10 months ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Sebi gets tough
4 years, 10 months ago

Sebi gets tough

Live Mint  

The Securities and Exchange Board of India has tightened rules that apply to investment advisory services. The market regulator has also prohibited investment advisers from hawking products to their clients. Not all retail investors fully grasp the conflict of interest inherent in advice offered by someone who makes money off the investment being advised. Too many people find themselves lumped …

NSE approaches markets regulator Sebi for IPO
5 years ago

NSE approaches markets regulator Sebi for IPO

India TV News  

The National Stock Exchange on Monday said it has approached markets regulator Sebi for its initial public offering and hopes to launch the public issue by September this year subject to approvals. "We have approached Sebi to seek its approval for the IPO and after that we will start the process of appointing merchant bankers, who will help the exchange …

Karvy Stock Broking indulged in activities which were never allowed: SEBI chief Ajay Tyagi
5 years, 1 month ago

Karvy Stock Broking indulged in activities which were never allowed: SEBI chief Ajay Tyagi

Firstpost  

Mumbai: In the aftermath of Karvy Stock Broking episode, capital market watchdog SEBI on Wednesday said the brokerage was indulging in activities which were “never allowed”. Last Friday, SEBI barred Karvy from taking new clients with respect to stock broking activities for alleged misuse of clients’ securities. The action followed leading bourse NSE forwarding a preliminary report to SEBI on …

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore
5 years, 1 month ago

Individual settles case of alleged fraudulent trading with Sebi by paying over Rs 2.3 crore

India TV News  

An individual has settled with markets regulator Sebi a case of alleged fraudulent trading in IPOs of IDFC, Sasken and Suzlon by paying over Rs 98 lakh as settlement charges and disgorging over Rs 1 crore of unlawful gains. It was alleged that a group of financiers provided finance to key operators towards making multiple applications in the IPOs and …

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