Page 4 - Securities Market

Sebi focuses on data, tech tools to detect malpractice in securities mkt

With an aim to strengthen transparency and fairness in the capital markets, Sebi is focusing on data tools to detect wrong-doing in the securities market as well as for its policy formulation. Apart from data, another focus area for the Securities and Exchange Board of India (Sebi) would be deployment of technology. "Data and technology are the two new tools that Sebi is building for itself," the regulator said, adding that the move would enhance transparency and fairness in the securities market. In its annual report for 2021-22, the regulator said it is increasingly using more and more data to detect wrongdoings in the markets, whether it is in respect of surveillance of trading or investigation into fraud or inspection of market intermediaries. In its decision making particularly in the context of policy formulation, the regulator said it "will rely more and more on data and eschew dogma in any form. The approach of decision making will be guided by principles and logic supporte

Sebi bars Impact Research, proprietor from securities market for 6 months

Markets regulator Sebi has imposed a six-month ban on Impact Research and its sole proprietor Nitin Neema from the securities market for providing advisory services without its authorisation. The watchdog had issued a showcause notice to them in August 2021. Sebi found that Impact Research and Nitin Neema (noticees) were engaged in investment advisory services without obtaining a certificate of registration. The amount of money prima facie to have been collected by the noticees was Rs 83.75 lakh during the period from September 2014 to December 2016, Sebi said in an order on Thursday. The regulator has directed the noticees to refund within three months the money received from investors as fees in respect of their unregistered investment advisory activities. Also, Sebi has barred the noticees from accessing the securities markets for a period of six months or till the expiry of six months from the date of completion of refunds to investors, whichever is later. In addition, they s

Sebi bans 3 individuals from markets for unauthorised investment advisory

Capital markets regulator Sebi has barred three individuals from the securities markets for providing unauthorised investment advisory services. Besides, they have been restrained from the securities markets for six months. The present proceedings emanate from a show cause notice dated July 31, 2021 issued by Sebi to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were engaged in unauthorised investment advisory services. Sebi had come across a website which belonged to RNS Global Capital in the archived pages as the web page is not active. On perusal of the web pages, it found prima facie that -- Chouhan, Soni and Thakur -- were engaged in giving advice relating to investing in, purchasing or dealing in securities or investment products, through their website. Chouhan, Soni and Thakur have been collectively referred to as noticees. The amount of money to have been collected by the noticees was Rs 1.20 crore for the p

ICICI Securities June quarter results rained on by overcast broking biz

ICICI Securities client growth moderated to 27.7 per cent to 450,000, while active customers rose only 5.3 per cent QoQ to 3.2 million

Bourses, people dealing in securities market to pay 18% GST on Sebi's fee

The new tax rate will be effective from Monday, the Securities and Exchange Board of India (Sebi) said in a circular.

Standardising regulatory prescriptions

Realisation of statutory objectives in the securities market requires absolute clarity of statutory provisions

Fidelity front running: Sebi slaps over Rs 4.28 cr penalties on 11 entities

Sebi on Friday slapped penalties worth more than Rs 4.28 crore on 11 entities for front running trades of 21 Fidelity Group entities besides barring them from the securities market for varying periods

Sebi amends rules to simplify procedure for transmission of securities

Sebi has revised the existing threshold limit for simplified documents to Rs 5 lakh from Rs 2 lakh currently for securities held in physical mode per listed issuer

Sebi comes out with terms of usage of data for securities market

Apart from the data made available free of cost, data which is chargeable should be appropriately identified as such in public domain: Sebi

Sebi launches mobile app 'Saa ₹thi' to create awareness among investors

Amid the growing trend of stock trading through mobiles, capital markets regulator Sebi on Wednesday launched its mobile App -- 'Saa ₹thi' to create awareness among investors about the basic concepts

Sebi issues simplified norms for processing investor's service requests

The capital markets regulator Sebi on Wednesday came out with simplified norms

Debenture trustees not allowed to act as trustee for digital gold: Sebi

Sebi on Wednesday said debenture trustees are not allowed to act as a trustee for unregulated products.

Govt invites applications for post of Sebi chairman in place of Ajay Tyagi

The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India

SAT quashes Sebi ban on Yashovardhan Birla, others from securities mkt

The Securities Appellate Tribunal (SAT) has quashed a Sebi order that had barred Yashovardhan Birla and others from the securities market for two years for alleged mis-utilisation of the IPO proceeds. The Sebi, in October 2020, restrained Birla Pacific Medspa Ltd, Yashovardhan Birla and eight others from the securities market for two years for mis-utilisation of the IPO proceeds. Birla Pacific Medspa Ltd (BPML), which came out with offer documents in March 2011, had floated its over Rs 65-core initial public offering (IPO) in June 2011. The regulator, in its order, said that the company made misstatements in the prospectus in respect of the objects of the IPO. Pursuant to Sebi's order, Yashovardhan Birla and other individuals moved SAT. These individuals were the signatories to the prospectus of Birla Pacific Medspa. In its order dated August 26, the SAT said that appellants did not make any misstatement in the prospectus. It, further, said that the finding given by the Sebi that

CJ of Bombay HC, Sebi chief underline growing importance of securities law

NISM, MNLU commence second batch of joint LLM programme in securities law

Sebi introduces accredited investors concept in Indian securities market

Markets regulator Sebi has introduced the concept of 'accredited investors' in the Indian securities market, a move expected to open up a new channel for raising funds

Framing investor charter for securities mkt: Sebi chairman Ajay Tyagi

Capital markets regulator Sebi is working on framing a charter for investors in the securities market, which is aimed at bringing more transparency in the investment process

Global securities markets regulators team up to keep watch on SPACs

SPACs are shell companies that list themselves on the stock market and use the proceeds to buy other companies

Sebi bars Global Infratech, its directors, 12 others from securities market

Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in firm's shares

Brokerages, securities analysis industry good vehicles to ride bull-run

Larger firms garnering market share amidst good growth in industry