BUSINESS
7.3 times in 1,000,000,000,000,000,000,000,000,000: Sebi schools front-running duo on probability of trades coinciding with Big Client's
Sebi's WTM Ananth Narayan was adjudicating a front-running case by a former chief dealer at a brokerage and his sister
BUSINESS
Oops! Digital-effects company copies-and-pastes another listed co's exchange filing
Phantom Digital Effects, listed on National Stock Exchange's SME platform, was attempting to inform the exchange why it was not required to file the Annual Secretarial Compliance Report.
BUSINESS
MC Exclusive: Dabba-trading platform TradeX offers rewards to ‘sub-brokers’ to bait loss-making clients
Dabba-trading platforms usually charge zero brokerage because the objective is to make people trade more, make more losses and earn more for the platform.
BUSINESS
Sebi's framework to consider unaffected prices for M&A transactions 'much-needed': AIBI's Chair Mahavir Lunawat
The Chairman of the Association of Investment Bankers of India, in an interaction with Moneycontrol, explained why this was crucial to bring transparency in the market
BUSINESS
Will SEBI norms on sharing real-time price data be a big blow to unscrupulous stock-market trainers?
The new rules unveiled by the market regulator could spell the end of live-market training, which is a big draw for their audience.
BUSINESS
MC Exclusive| BLS International: Social media and SMS campaign promotes stock; price rises nearly 4% in 3 days
In response to Moneycontrol's email, the company said that it was not aware of such developments happening on social media and Telegram channels.
BUSINESS
MC Investigation: Employees, vendors of brokers, MIIs allegedly profit from sale of client data to illegal advisories, PMS firms
Moneycontrol's conversations with database sellers and buyers found that data leaks did not originate directly from regulated entities but from those associated with them. We found that data of even high net-worth individuals can be sourced for Rs 20 apiece.
BUSINESS
19 entities, 2 Telegram channels pumps up stock price by 100% in 8 months; Sebi fines Rs 11.9 cr
According to the regulator's order, the entire buying that led to the price-rise was being financed through two firms--a non-banking finance company (NBFC) Superior Finlease and stock broker Indian Finance Guaranty Ltd (IFGL)--where Rajneesh Kumar was the director
BUSINESS
'Peculiar' trades by Broker's MD cost him Rs 70 lakh loss in a day; Sebi fines Rs 8 lakh for price manipulation
In a May 22 order, Sebi fined him and the brokerage Rs 8 lakh in total for violating Sebi (Probition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations and Broker Regulations
BUSINESS
M&A experts welcome Sebi norms that protects buyouts from rumour-driven price surges
Under the new framework, variation in securities' prices that occur when an unverified rumour was alive will be excluded.
BUSINESS
Angel One's Authorised Person penalised Rs 9 lakh for running illegal advisory
Moneycontrol had written about this illegal advisory in July 2023; the regulator surfed for its website a month after that, as part of its investigations
BUSINESS
How fraudsters sell impossible trades in 'upper circuit stocks' with promise of 5% daily return
These stocks are blocked from trading but investors are made to believe otherwise.
BUSINESS
Millennium Management's fight with Jane Street eerily similar to earlier face-off with Jim Simons' Renaissance Tech
Recently, Jane Street sued Millennium Management and Jane Street's two former employees for allegedly stealing a proprietary strategy
BUSINESS
MC Investigates: How elaborate FPI scams groom, persuade people to give away crores of rupees
They bait people through social-media channels and use every trick in the book to get them to invest. Our investigation reveals how these fraudsters convince intelligent, competent people to part with their money.
BUSINESS
Investment Advisors must now declare social media presence in a new reporting format
The advisors will need to report details of social media presence every six months to the supervisory body IAASB, recognised by the market regulator Sebi.
BUSINESS
Corporate RAs’ fees have been slashed after a long, long wait. Then why are RAs worried?
On April 26, SEBI amended its regulations governing research analysts, reducing the application, registration and renewal fees. But individual RAs are waiting for the other shoe to drop.
BUSINESS
Corporate RAs registration fee slashed to Rs 30,000 from Rs 5 lakh; renewal fee to a hundredth
The fees for application and registration for RAs across categories have been reduced significantly, through the amendment made through a gazette notification dated April 26
BUSINESS
Sebi's mic-drop moment: Co cites govt's "blessing" to defend a suspect business; regulator finds no merit in reasoning
In response to a regulatory order, Growpital and its associates elaborated on its "background" that included partnering with and being recognised by various governments. The regulator countered it by citing the law.
BUSINESS
How a Rs 5 note played a crucial role in front-running case involving three brokerages
A Sebi investigation has revealed how a dealer and few authorised persons of three brokerages front-ran trades of a big client.
BUSINESS
MC Interview: 'US bond yields might see upward trend if inflation remains a concern, Fed maintains hawkish stance'
The rise in US Treasury yields presents a complex scenario for global equity markets, with India being no exception, says Wright Research's Sonam Srivastava.
BUSINESS
How a wrong font size led to violation by an investment advisor, contributed to cancellation of its registration
Failure to follow the prescribed format for the agreement was only one of the many violations committed by the IA named M/s. Money CapitalHeight Research Investment Advisers Pvt. Ltd. (registration number INA000001423).
BUSINESS
Speciality chemicals maker accuses ex-CEO of Rs 45-crore fraud; files complaint under Section 420
Ganesh Benzoplast has alleged that Ramakant Pilani and his associates borrowed Rs 40-45 crore in its subsidiary’s name by forging the signatures of other members of the senior management.
BUSINESS
MC Explains: At 542 days, US 10-yr/ 3-month yield-curve inverted for the longest time ever. What does it mean?
This metic has been long been considered an unerring signal of an impending recession, but now there are differing views
BUSINESS
Private-consumption slowdown: Is there a contrarian story in state-level GST data? Crisil's DK Joshi explains
Crisil studied private consumption patterns by collecting state-level GST data. Its chief economist speaks to Moneycontrol on the findings.
