BUSINESS
Investment advisor fined for allowing husband to run her firm; couple collected Rs 1.92 cr in fee
Sebi investigations also showed that RIA had provided wrong information and fake certificates in her registration application
BUSINESS
Leverage is like Weapons of Mass Destruction in the securities market: Zerodha's Nithin Kamath
The CEO and co-founder of Zerodha and a member of Sebi’s advisory committee for the secondary market shares about important regulatory changes that have happened and that need to happen
BUSINESS
Unregistered money-manager Trade 26 Research mimics legal entities to defraud investors
It could be getting legitimacy by claiming to be a sub-broker of a leading, listed brokerage
BUSINESS
MC Investigates: The two big, illegal reasons why finfluencers don't want to be SEBI-registered RAs
There are lakhs to be made off retail investors, but only if these entities do not register themselves
BUSINESS
Finfluencers run illegal competitions to attract new clients, upsell
Conducting competitions without a license can attract a penalty and even imprisonment in some cases
BUSINESS
Sebi notes CA’s 'staggering disclaimer' on over Rs 55 lakh due to investors
The market regulator commented on this in an order penalising a company and its directors for running an illegal collective investment scheme
BUSINESS
Rules banning regulated entities from associating with unregistered advisors in works: Madhabi Puri Buch
The Chairperson of Sebi said that a consultation paper on finfluencers will be out soon
BUSINESS
Rally in auto-ancillary shares: What’s driving it and will it hold?
Stocks have appreciated by as much as 47 percent on topline and bottom-line improvement
BUSINESS
Sebi board meeting may discuss contentious proposals such as TER, burden of proof
The proposal to regulate the total expense ratio charged by MFs, if implemented, can set fund houses back by Rs 1,400 crore. The proposal on Unexplained Suspicious Trading Activities seeks to make the accused prove his innocence, challenging the principle that one is innocent till proven guilty.
BUSINESS
Credit-rating agencies asked to disclose entities not sharing information for ratings or their review
Sebi circular has said that this has to effected from July 15
BUSINESS
To meet public shareholding requirement, REIT and InvIT sponsors & managers can sell to ETFs
Sebi has issued two circulars on the methods by which the trusts can meet minimum public shareholding requirements.
BUSINESS
Sebi asks exchanges to open investor service centres with facilities including library, arbitration access
Officials at the centres will also need to be trained in relevant subjects within 12 months of the issue of this circular
BUSINESS
Eros Intl allegedly used non-existent films to siphon funds
While investigations are ongoing, SEBI says that prima facie it seems that the production company cooked the books and signed agreements with bogus content makers, distributors
BUSINESS
Sebi orders back-to-school, community services for exchange, clearing house chiefs
On June 20, Sebi issued a settlement order on the failure of systems at the NSE and NCL following a technical problem that caused trading to be stopped for a few hours in February 2021
BUSINESS
MC Exclusive: ‘Drug-peddler’ finfluencer was also running an illegal money-management business
Ashesh Mehta and his wife have lookout notices issued against them by the Madhya Pradesh police for allegedly heading a Rs 300-cr drug network
BUSINESS
NSEL case: Sebi disposes of notices against Sharekhan Commodities without directions
The brokerage had also stated that the second showcause notice issued by Sebi had completely bypassed the two-step procedure under the Intermediaries Regulations
BUSINESS
How 15 people defrauded investors off Rs 2.09 cr with bulk SMS-es and impersonation
The market regulation has fined them between Rs 5,00,000 and Rs 8,00,000
BUSINESS
The curse of one-million followers: Why finfluencers want to stay small
“Finfluencers who used to have 20 brand collaborations now have two. There was a person who seemed to be getting a new brand collaboration a day, now it has come down to one or two new ones in a month,” said a finfluencer, who did not want to be named. Regulatory change has made it hard for the biggies to survive.
BUSINESS
Over Rs 12-crore earnings from unregistered advisory services impounded, three entities banned
Sebi has passed an interim order and the investigators have said that “educational purpose” does not exonerate such entities
BUSINESS
Cosmofeed offering ‘safe environment’ for illegal, unregistered investment advice
They have been approaching the influencers with a business-proposition — of giving a platform to sell stock ideas. It is to be noted that Sebi regulations allow only registered research analysts (RAs) to give investing advice.
BUSINESS
Sebi asks registrars, transfer agents to set up online system for investor requests, complaints
It is to be implemented in two phases, with the first phase to be completed by QRTAs by January 1, 2024
BUSINESS
Atlas Jewellery’s auditors resign over corporate governance issue
Auditors pointed a poor board structure and absence of audit committee in their resignation letter
MARKETS
From ‘machli’ to ‘murgi’ and 'chai': Finfluencers work out cryptic phrases to escape Sebi glare
They are communicating in code and talking about ‘partnering’ with an RA
BUSINESS
Finfluencers ‘renting’ analyst licences for a fee after Sebi whip on advisory services
According to finfluencers, RA regulations are highly restrictive and their applications are being rejected
