BUSINESS
Top Sebi panel on conflict of interest suggests annual disclosures, recusal policy, whistleblower mechanism
The applicants for the post of Sebi Chairman, Members, and other lateral entry roles must disclose actual, potential, and perceived conflicts of both financial and non-financial nature, the recommendation said.
MARKETS
Prop trading scam uncovered: Fake NISM certificates and masking of traders as employees
NISM certificates are used for individual traders who are shown as brokers’ employees.
MARKETS
SEBI’s high-level committee on conflict of interest of top officials submits its report
SEBI’s existing code on conflict of interest for board members was voluntarily adopted by the board in December 2008, when C B Bhave was the Chairman.
MARKETS
Prop trading scam uncovered: No KYC, no paper trail; misuse of leverage runs on victim’s trust
There are no agreements, no KYC, and no paper trail but trades happen in full swing, and things are fine until someone defaults, or there is a big loss.
BUSINESS
ANMI urges SEBI to restore weekly Bank Nifty; seeks investor education, suitability norms
The NSE discontinued the weekly expiry of Bank Nifty from November 13, 2024, while BSE halted Bankex weekly expiry from November 18, 2024, in compliance with SEBI’s October 10 circular.
BUSINESS
Famous Shiller P/E valuation gauge flashes sub-par decade of return for US equities
For only the second time ever, the cyclically adjusted price-to-earnings ratio, made popular by Nobel laureate Robert Shiller and originally proposed by Benjamin Graham, has moved above 40, a level last seen during the peak of 1999 tech bubble.
BUSINESS
SEBI warns investors over unregulated ‘digital gold’; Tanishq, MMTC among key sellers
SEBI cautioned investors that none of the investor protection mechanisms applicable to the securities market would be available for investments in such digital gold or e-gold products.
MARKETS
Surat prop trading scam spreads nationwide, losses may top Rs 150 crore
A recent default puts leveraged traders in NCR, Jaipur, Ranchi and Kolhapur on edge
MARKETS
SEBI initiates active deliberation on ways to deepen the cash market segment
SEBI has received wide range of suggestions on the proposal to further deepen the cash market volume in equity segment.
MARKETS
SEBI may address mutual funds’ concerns on expense ratio, cost structure
The mutual fund industry remains concerned about the potential impact on profitability due to the new proposals, as well as on distributor commissions. Industry insiders said that if profitability is hit, fund houses may reconsider expanding their branch networks.
MARKETS
SEBI proposes big regulatory changes for MFs, tweaks in TER, caps on brokerages
SEBI has proposed removal of statutory levies like Securities Transaction Tax (STT), GST, etc. to be excluded from Total Expense Ratio (TER) limits.
MARKETS
Sebi seeks details of the four-hour long trading disruption from MCX
MCX had informed market participants in the morning about a glicth but it took more than four hours to shift to DR site and normalise the operations. Sebi has now sought details of the glitch from exchange.
MARKETS
Brokers' penalty structure rationalised but oversight tightened on these key violations
Sebi and stock exchanges have overhauled the penalty framework for brokers, introducing new categories of violations while retaining stringent measures to protect investors. The revised structure aims to enhance market discipline, curb misuse of client funds, and ensure greater accountability among intermediaries.
MARKETS
SEBI bars mutual funds from investing in Pre-IPO placements
Move likely to spark debate on its merit within the industry
MARKETS
Expensive exit of Elara and Vespera Funds from India
Both funds failed to disclose their ultimate beneficial owners. SEBI’s investigation later found that Elara and Vespera were owned through three offshore feeder entities
BUSINESS
BSE flags unusual price surge in RRP Semiconductor, urges investor caution
RRP semiconductor | Stock placed under Enhanced Surveillance Measures after rising from Rs 15 to Rs 9,292.20 in 18 months
MARKETS
Sebi to sensitise regulators on insider trading and price-sensitive info post-CERC issue
Sources said Sebi believes that enforcement alone cannot address every challenge. Hence, a new approach of engaging with stakeholders through sensitisation sessions is being adopted.
MARKETS
SAT rejects Elara’s appeal against Sebi over SpiceJet warrant conversion
Elara had sought a status quo from the SAT and pleaded that there is risk of appropriation and write off by the company.
MARKETS
After rationalisation of exchange penalties, brokers seek similar relief on clearing penalties
Clearing brokers face penalty from clearing corporation on breach of norms. After easing of penalties and standarisation by exchanges now clearing brokers are expecting an intervention from Sebi for clearing corporations also.
MARKETS
SEBI developing tech tools to swiftly identify pump-and-dump patterns, says chairman Tuhin Kanta Pandey
Speaking at an event organized by the BSE Brokers Forum (BBF) Pandey asked for strengthening of commodities market and developing cash market further.
MARKETS
Brokers App will soon have a genuine verification tick at App Store, says SEBI WTM Varshney
Varshney cited big opportunity for brokers in revival of commodity market and also the big business scope in expanding business and adding the people who want to join the capital market.
BUSINESS
Can an open offer be allowed for less than six percent shareholders? Case against Sebi order reaches SAT
3A Capital Services has moved SAT against Sebi’s refusal to exclude non-selling promoters from its open offer in Sri Sarvaraya Sugars. Sebi has argued that once the 25 percent threshold is breached, an open offer to all eligible shareholders is mandatory.
MARKETS
IndusInd Bank ex-Deputy CEO Arun Khurana says resigned but not allowed to go, put under suspension
Arun Khurana, ex-MD&CEO Sumant Kathpalia and three others were barred by SEBI for insider trading allegation in IndusInd Bank shares. Khurana had challenged the SEBI order, SAT gave him partial relief.
BUSINESS
Sebi proposes key changes on IPF, tightening norms for exclusively listed companies
Sebi, in a consultation paper, has recommended removing obsolete provisions, clarifying timelines, delegating certain operational powers, harmonising Investor Protection Fund (IPF) rules, and segregating clearing-corporation and broker-related norms.
