Nse Probe

NSE warns investors against illegal 'dabba' trading in stock market

The National Stock Exchange (NSE) on Monday cautioned investors against two persons offering illegal 'dabba' trading in the stock market. 'Dabba' trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found that Nitin Shantilal Nagda and Narendra V Sumaria were providing 'dabba' trading. These persons were registered with a trading member (TM) as an authorised person (AP) and the said association as an AP was subsequently cancelled by the TM. Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal 'dabba' trading activity in the stock market as the same is prohibited by law. "Investors are cautioned and advised not to trade on such illegal trading platforms. Participation in such illegal platforms is at the investor's own risk, cost and consequences as such illegal tradin

NSE phone tapping: CBI gets custody of ex-Mumbai police chief Sanjay Pandey

The CBI has taken four-day custody of former Mumbai Police Commissioner Sanjay Pandey in connection with the alleged illegal phone tapping of NSE employees by his information technology firm, officials said on Saturday. Pandey was already in the judicial custody of Enforcement Directorate in connection with probes against him. The CBI approached a special CBI court here seeking his custody in connection with the tapping case which was granted for four days during which he will be interrogated by the agency, the officials said. In addition to Pandey and former MD and CEO of NSE Chitra Ramkrishna, the CBI has also named another former NSE CEO and MD Ravi Narain in the case. It is alleged iSec Securities Pvt. Ltd, one of the firms that conducted a security audit of NSE, had illegally tapped phones of NSE employees during 2009-17, the CBI said. The company was incorporated by Pandey in March 2001 and he quit as its director in May 2006. His son and mother took over charge of the compa

ED points to insider trading in NSE case, to share info with Sebi for probe

Narain, arrested a few days before the chargesheet was filed, had allegedly conspired with iSec in the tapping case from the beginning

Mysterious Himalayan 'yogi' had been flagged in NSE co-location scam probe

The NSE submitted its detailed response along with a report of forensic investigation conducted by Ernst & Young (E&Y) wherein it was concluded that the said unknown person was Subramanian

NSE probe: I-T dept searches premises of brokers, employees

I-T officials carried out operations on 40 premises belonging to those who could have benefitted from the irregularities at the exchange's trading systems