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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Tag: SEBI
Equity flows see sharpest drop, slip 78% in Nov
Equity MF schemes recorded worst inflows in three and a half years at Rs 1,311 crore for November. Investors across the board have taken money off the table as markets have scaled new highs. Industry experts said SIPs had stayed intact, which is a healthy sign for the MF industry.
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High risk investor? Check this out
Two factors play a predominant role in fetching good returns — stock selection and allocation, suggests Sanjay Kumar Singh.
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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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Affected by Karvy crisis? Read this
In case of any grievance, file a complaint with Sebi on its SCORES (Sebi Complaints Redress System) web site, suggests Sanjay Kumar Singh.
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Brokers, investors under lens for fraudulent trades
This was a fresh probe based on the inspection of certain derivative contracts both on the BSE and NSE.
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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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Relief for realty sector; govt nod for Rs 25K cr fund
The move is likely to help 4.59 lakh housing units across the country.
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Whistleblower's complaints are appalling: Nilekani
Nandan Nilekani said the co-founders have served the company “selflessly” and remain committed to the long-term success of Infosys.
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New Fema rules stump foreign-owned MFs
Market watchers believe that the change in guidelines fly in the face of some of the recent initiatives taken by the government, such as easing norms for foreign portfolio investors.
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