Tag: Karvy

BMA Wealth investors demand Karvy-like refund action



BMA’s clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.



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Karvy fiasco: How brokers exploited the loopholes



What’s required is proper implementation of the rules and better coordination between market intermediaries such as stock exchanges and clearing members who play a key role in monitoring brokerages.



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Sebi cites Karvy's illegal transfer of client money



After considering the facts and circumstances of the case including enormity of the prima facie violations observed against Karvy, Sebi in an order passed late night Friday said it would not be prudent to allow the use of PoA by Karvy given to it by its clients.



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Despite mkt volatility, investors keen on equity NFOs



The number of equity schemes rose to 562 from 519 two years ago. Equity NFOs, in fact, have mopped up more than Rs 16,000 crore since 2018 – 2.7 times the Rs 5,948 crore collected in the preceding three calendar years.



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The IPO scam that changed India's primary market



Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.



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The IPO scam that changed India's primary market



Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.



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