SEBIS PROHIBITION OF FRAUDULENT AND
Sebi notifies institutional mechanism for brokers to prevent mkt abuse
Brokers must biannually report suspicious activities to stock exchanges. Sebi's amended PFUTP rules, effective from June 27, aim to prevent manipulative trade practices.
Sebi penalises Kwality's former MD, others for misrepresenting company's financials
Fine totalling Rs 3.75 crore were slapped on former promoter and MD of dairy firm Kwality's Sanjay Dhingra and other entities for misrepresenting the financials of the company. Kwality went into insolvency process in December 2018 and was acquired by Sarda Mines through the liquidation process in 2022.
Sebi disposes of proceedings against former Unitech promoters
The market regulator conducted a suo-moto investigation to determine if the Chandra brothers routed funds to the Indian securities market through their UBS AG bank accounts, potentially violating the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations.
Why did SEBI ban news anchor Pradeep Pandya from securities market? What is the controversy?
"Pradeep Pandya, while serving as an anchor for CNBC Awaaz, shared confidential information regarding upcoming stock recommendations with Alpesh Furiya and vice-versa," Sebi said in its final 55-page order. Alpesh Furiya, capitalising on this privileged information, executed trades through his own accounts and those of related entities, positioning himself to profit before the recommendations were publicly aired, it added.
Sebi bans former TV anchor Pandya, 7 others from securities market for 5 years, slaps fine
Pandya hosted or co-hosted various shows on CNBC Awaaz until August 2021, while Alpesh Furiya appeared on the channel as a guest expert, providing stock recommendations on his Twitter handle. A high correlation was observed between the stock recommendations made by Pradeep Pandya on the show 'Pandya Ka Funda' and the Buy-Today-Sell-Tomorrow and intra-day trades executed by Alpesh Furiya and related entities from November 2019 to January 2021.
Four entities pay Rs 3 cr to settle front-running trade case with Sebi
Apart from the settlement amount, the Sebi's committee formulated other conditions to settle the case. These included disgorgement of 'unlawful gain' of Rs 85.12 lakh to be paid jointly and severally along with voluntary debarment for a period of six months from the securities market by each applicant.
- Go To Page 1
Invesco India, CEO, others pay Rs 5 cr to settle regulatory violation case with Sebi
Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.
Front-running case: Sebi bans two persons from securities market for 3 years; slaps Rs 77 lakh fine
Sebi on Tuesday barred two individuals from the securities market for three years and imposed a penalty of over Rs 77 lakh on them for their involvement in front-running. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients.
SAT quashes Sebi order against Jio Financial
Sebi had alleged that Reliance Strategic Investments, along with Morgan Stanley France (MSF), had knowingly traded in the puts of strike price 11,400 PE at a discount of 15%, 35% and 37% to the intrinsic value of the put options on July 31, August 8, and August 10, 2017, respectively.
SAT quashes Sebi's Rs 7 lakh fine against Jio Financial Services
"To hold a simple one-way trade as manipulative when it is not a circular or reversal trade and in the absence of any shred of evidence of mutual arrangement with a motive to manipulate the market, the impugned order cannot be sustained and is quashed," the tribunal said in its 33-page order on Wednesday.
RPL case: SAT quashes Sebi's order against Mukesh Ambani, Reliance
Securities Appellate Tribunal (SAT) has overturned the decision made by the Securities and Exchange Board of India (Sebi) against Mukesh Ambani and his company Reliance Industries (RIL). The order accused them of engaging in trades that influenced the prices of Reliance Petroleum (RPL) stock back in 2007. SAT has revoked the penalties imposed on RIL, Ambani, Navi Mumbai SEZ, and Mumbai SEZ, which amounted to a total of Rs 70 crore.
RPL case: SAT quashes Sebi order against Mukesh Ambani, 2 others
In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
Meet Nasiruddin Ansari, the influencer called 'Baap of Chart', who was banned by SEBI and fined Rs 17 crore
The Securities and Exchange Board of India (SEBI) has imposed a ban on Mohammad Nasiruddin Ansari, a social media influencer known as 'Baap of Chart,' from the securities market. Ansari, who portrayed himself as an investment expert, provided stock recommendations through various platforms. However, SEBI found that he was marketing these recommendations as educational training but was actually trying to sell them.
Sebi slaps Rs 55 lakh penalty on 11 entities for non-genuine trades
The Securities and Exchange Board of India (Sebi) conducted an investigation into trading activities of certain entities engaged in the segment from April 2014 to September 2015
Regulator slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
This was done to defraud clients and earn maximum fees, the order said, adding that the noticee did not act honestly, fairly, and diligently in the best interests of its clients, thereby violating the code of conduct of Investment Advisers (IA) regulations.
Sebi bans Excel Realty N Infra, 4 others from securities market for up to 2 years
Securities and Exchange Board of India (SEBI) has banned five entities, including Excel Realty N Infra, and imposed fines amounting to Rs 1.75 crore ($234,111) for a fraudulent scheme that misrepresented the company's financial statements. The barred entities include Excel Realty's promoters and the company's former CFO. SEBI found that Excel misrepresented transactions amounting to INR 119 crore, and its consolidated financial statements for the fiscal years 2016-17 to 2020-21. The regulatory body has barred Excel for six months and Lakhmendra Khurana for two years from the securities market.
RIL entity fined for alleged manipulation in options
The regulator alleged that the trade was done on the basis of mutual arrangement. This amounted to active concealment of fair price of the option and resulted into manipulation of the price of the contract, which had the effect of potentially misleading investors with regard to likely future price of the underlying. It had, thereby, violated Sebi's Prohibition of Fraudulent and Unfair Trade Practices Regulations, said the regulator.
Short-selling research: Not falling short of manipulation?
Short-selling is an investment strategy in which a trader speculates on the decline of a stock price using complex financial products. So, the real question that arises is whether Hindenburg was, in fact, legally allowed to publish research under Indian and international securities laws after taking such short positions - particularly since the report ostensibly resulted in a steady fall of stock prices.
Sebi imposes Rs 62 lakh fine on 6 entities for fraudulent trading
The regulator found in its investigation that Utkarsh and Vanya sold shares and created misleading appearance of trading in the market for the days on which such trading took place
Sebi penalises 19 persons for fraudulent trading in Global Infratech and Finance shares
The regulator conducted an investigation in the scrip of Global Infratech and Finance Ltd (GIFL) for the period December 2017 to February 2018 to ascertain any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.
Sebi penalises 3 individuals for violations in Mindtree share trade
The orders came after Sebi received a letter from Mindtree in October 2018 informing the regulator instances of violation of the code of conduct framed by the company under the provisions of insider trading rules by some of its employees and action taken by the company pursuant to the same.
Sebi imposes Rs 1.62 crore fine on 9 entities for fraudulent trading
The Securities and Exchange Board of India (Sebi) had conducted an investigation into alleged irregularity in the trading in the scrip of Sterling Green Woods Ltd (SGWL) for the period April-July 2009.
Sebi fines 8 entities for fraudulent trade in Videocon shares
These are facing a fine of Rs 16 lakh, payable jointly and severally, for violation of Prohibition of Fraudulent and Unfair Trade Practices norms.
Sebi bars Global Infratech, its directors, 12 individuals from securities market
Markets regulator Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in the firm's shares. The company and its directors -- Pravin Sawant and Jagdish Chander Sharma -- have been banned from the securities market for two years, while others have been restrained for six months, as per an order passed by Sebi on July 16.
Sebi slaps Rs 1.62 cr penalty on 9 entities for fraudulent trading
The Securities and Exchange Board of India (Sebi) had conducted an investigation into the alleged irregularity in trading in the scrip of Sterling Green Woods Ltd (SGWL) during April-July, 2009 period.
Sebi levies Rs 1.83 cr fine on 29 entities for fraudulent trading in Dhanleela
The regulator has imposed fine in the range of Rs 5 to Rs 15 lakh each on the individuals for violating provisions of Prohibition of Fraudulent and Unfair Trade Practices.
Sebi bans Adamina Traders for 3 years for fraudulent trading
Sebi had issued a show cause notice in September 2017 to Adamina Traders alleging that the firm manipulated Secunderabad Healthcare shares.
Sebi levies Rs 22.9 lakh fine on 3 entities for fraudulent trading
Of the total fine levied on the entities, Rs 11.9 lakh was levied on Sampoorna Buildwell Pvt Ltd, Rs 6 lakh on Shubhang Exports Ltd and Rs 5 lakh on Chetna Satish Mehta.
Sebi bans 3 individuals for fraudulently acting as portfolio managers
While Raghu Raj Puri and Deeksha Puri face a ban of two years each, Shivraj Puri has been barred for three years.
Load More
