Front-running – Applicable to non-intermediaries?
Front-running is an illegal practice where, a stock broker or any other intermediary derives benefit from the advance knowledge of its customer™s trade. Definitions The Eight edition of Black™s law dictionary defines front-running as A broker™s or analyst™s use of non public information to acquire securities or enter into options or future contracts for his or her own benefit, knowing that… Read More
Tags: 2003 Regulation, Black's Law Dictionary, Capital market, Dipak Patel Order, Front running, Prohibition of Fraudulent, SAT, SEBI, Securities & Exchange Board of India, Securities market, The Honourable, Unfair competition
SEBI Circular w.r.t. Index based market-wide circuit breaker mechanism
CIRCULAR CIR/MRD/DP/ 25 /2013 September 03, 2013 To, All Stock Exchanges. Dear Sir / Madam, Subject: Index based market-wide circuit breaker mechanism 1. Please refer to SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001 directing stock exchanges to implement an index based market wide circuit breaker system to affect a coordinated trading halt in all equity… Read More
Tags: Circuit breaker, Madam, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Securities market, Stock exchange, Trading halt
General Guidelines for dealing with Conflicts of Interest of Intermediaries, Recognised Stock Exchanges, Recognised Clearing Corporations, Depositories and their Associated Persons in Securities Market
CIRCULAR CIR/MIRSD/5/2013 August 27, 2013 To Registered Intermediaries Recognised Stock Exchanges Recognised Clearing Corporations Depositories Sir/ Madam, Sub: General Guidelines for dealing with Conflicts of Interest of Intermediaries, Recognised Stock Exchanges, Recognised Clearing Corporations,… Read More
Tags: Capital market, Madam, Person, SEBI, Securities & Exchange Board of India, Securities and Exchange Board of India Act 1992, Securities market, Stock exchange
Salient Points of SEBI Board Meeting Held on 12th August 2013
The SEBI Board met in Mumbai today and took the following decisions: 1. Amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Illegal mobilization of money by unregistered Collective Investment Schemes The Board has approved the proposal to declare illegal mobilization of funds without… Read More
Tags: Collective investment scheme, Fraud, Mumbai, Prohibition of Fraudulent, SEBI, Securities & Exchange Board of India, Securities market, Unfair Trade Practices
SEBI Crackdown On Entities Engaged in Unregistered Investment Advisory And Portfolio Management Activities through Short Message Services (SMSs)
SEBI had noticed that certain entities were offering intraday tips and stock advisory services to investors through Short Message Services (SMSs) via mobile phones. SEBI , as part of its investigation, obtained details of the call data records of the telephone numbers used for sending such SMSs. Thereafter, SEBI conducted a surprise visit on the… Read More
Tags: Business, Federated Investors, Imtiyaz Hanif Khanda, Portfolio manager, Prima facie, SEBI, Securities & Exchange Board of India, Securities market
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