Sebi bans 16 entities for front-running activities
These entities allowed their trading accounts to be used as per the advice by Chaturvedi in lieu of commission, lesser brokerages, from the profits accruing through the front-running activity.
These entities allowed their trading accounts to be used as per the advice by Chaturvedi in lieu of commission, lesser brokerages, from the profits accruing through the front-running activity.
In May 2018, had barred Cypress Money and its partners from the securities market for at least three years and asked them to refund the fees collected from clients.
Sebi, which investigated the trading activities in the scrip of Finalysis Credit & Guarantee Company (FCGCL), found that these entities were connected and working in unison.
According to Sebi, these violations are serious in nature and certainly give a hue of doubtfulness to the integrity, reputation and character of the merchant banker.
The other administrative expenses increased from Rs 121 crore to Rs 131 crore, the establishment expenses climbed from Rs 244 crore to Rs 293 crore.
Wipro, Asian Paints and Mindtree were among the firms whose quarterly financial results closely matched with the messages circulated in WhatsApp chats.
The notice further read that the opportunity will help interns to apply their skills while gaining exposure to the functioning of the Indian capital markets.
Securities and Exchange Board of India (SEBI) chairman-designate Ajay Tyagi on Saturday said that he was “looking forward” to handle the “big…
