Market regulator Securities and Exchange Board of India (Sebi) has barred 26 individuals from accessing the capital markets for up to 2 years after finding them involved in price manipulation of SME stock DU Digital Technologies Limited. The regulator also directed disgorgement of Rs 98.78 lakh made by them as unlawful gains while slapping a…
Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey on Wednesday said the regulator will apply its mind for satisfactory resolution of issues that are currently in the way of the initial public offering (IPO) of the National Stock Exchange (NSE). He said that its intention will be to see it through. “We…
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…
Mumbai: United Phosphorous and its chairman Jaidev Shroff have settled a case with market regulator Sebi for alleged violation of its prohibition of fraudulent and unfair trade practices regulations by paying ₹20.2 crore as settlement amount. Fraudulent and unfair trade practices refer to stock manipulation. Sebi initiated a suo-moto investigation in the affairs of certain…