Investment Advisor Shilpa Garg has landed in regulatory crosshairs after promising the moon to an investor and allegedly disappearing after the investor incurred losses. She had assured that an investment of just Rs 30,000 would generate a daily turnover of Rs 24 lakh — implying astronomical returns of nearly 8,000%. Market regulator Securities and Exchange…
Market regulator Securities and Exchange Board of India (Sebi) on Friday unveiled a series of reforms on Friday, including relaxing norms related to the minimum public offer and minimum shareholding requirement, ease of access to Foreign Portfolio Investors (FPIs) and granting equity status to REITs. The moves came after its board meeting earlier in the…
Market regulator Securities and Exchange Board of India (Sebi) has cautioned equity investors against dealing with ‘Opinion Trading platforms’. It said that such platforms do not come under the purview of Sebi‘s investor protection mechanism. ‘Opinion Trading platforms’ provide their users or participants a platform to trade/enter into arrangements where the payout is dependent on…