Derivatives Case

 

Sebi moves SC against order in derivatives case 

    

Stock market regulator Sebi today approached the Supreme Court against the order of appellate body SAT, which set aside its decision to impose penalty on Rakhi Trading for alleged rigging in derivatives trade.



Sebi had imposed a penalty of1.08 crore on Rakhi Trading in March, 2009 for allegedly creating artificial volumes of Futures & Options (F&O) on the National Stock Exchange through 'reversal of trade' route.



Admitting the plea of the Securities and Exchange Board of India (Sebi), a bench headed by Chief Justice S H Kapadia issued notices to the trading firm.



Attorney General Goolam E Vahanvati, appearing for Sebi, submitted before the apex court that the matter
 
requires urgent consideration as it involves fictitious trading on the stock exchange

 

Source:https://www.moneycontrol.com/news/business/sebi-moves-sc-against-orderderivatives-case_524675.html

Replies (2)

Thanks keep sharing details of this & such other cases

Principles and Decision-making for wealth creation

 

 

Whenever people have surplus money, they want to invest. When they invest, they just want to act or execute. They don’t want to spend time on understanding the product and various investment strategies. They would like to take investment decisions without doing any homework. There is no plan of action. Their attitude is “I have surplus money; just tell me where to invest”.

 

 

https://www.holisticinvestment.in/wealth-management-principle

 

 

Regards

 

Ramalingam K, MBA, CFP,

Director and Chief Financial Planner,

Holistic Investment Planners

“Best Performing Financial Advisor Award” Winners from CNBC TV18

www.holisticinvestment.in

 

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