Sebi bans CSFB for manipulating stock price

Sebi bans CSFB for manipulating stock price

Our Markets Bureau / Mumbai August 11, 2006

The Securities and Exchange Board of India (SEBI) barred broker Credit Suisse First Boston (India) Securities (CSFB) from carrying on its trade for a month for violating its code of conduct for brokers. It found the firm, registered as a broker on both the NSE and the BSE, to have
executed trades of another broker C Mackertich (CML) which, Sebi claimed, was acting as unregistered sub-broker in violation of the law.