INVESTOR ISSUES


Cezary Podkul (ProPublica) 21 September 2022
This story was originally published by ProPublica.   Thousands have lost huge sums after being lured into fraudulent online investment schemes by seemingly attractive strangers who strike up online conversations with them. Here’s a guide to spotting the telltale signs.   If...

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Debashis Basu Debashis Basu 09 September 2022
Rakesh Jhunjhunwala is known to have started his investing journey in 1985 with Rs5,000. Going by some reports, he was apparently worth Rs50,000 crore when he passed away two weeks ago. That is a compounded annual return (CAGR) of 65% over 37 years. Another report points to his wealth at...

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Moneylife Digital Team 13 August 2022
The Investor Education and Protection Fund (IEPF) has accumulated over Rs18,400 crore along with 530mn (million) shares during the financial year (FY) 20-21, reveals a reply received under the Right to Information (RTI) Act.   As of FY20-21, IEPF has a balance of Rs18,433 crore and 530mn...

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Moneylife Digital Team 05 August 2022
Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in...

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For the past four weeks, fin-techs, broker, distributors and thousands of investors using the BSE StAR mutual fund (MF) platform are a harried lot since they have been facing agonising delays in their MF transaction processing, redemptions and refunds. Some have pending refunds of extremely...

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Moneylife Digital Team 27 July 2022
The District Consumer Disputes Redressal Commission of North 24 Paraganas, has directed Sahara group unit Sahara Credit Cooperative Society Ltd to refund, along with interest, money invested by an investor in the company's scheme. The District Commission also stated that since the Securities...

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Moneylife Digital Team 27 July 2022
A panel from Securities and Exchange Board of India (SEBI) has cautioned the public against dealing in the properties of PACL group and its subsidiaries, saying no one has been authorised to sell the properties.   PACL, also known as Pearl Group, had raised money from the public in...

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The Calcutta High Court on Monday appointed a judicial committee to ensure that the victims in West Bengal who have lost their hard-earned money after investing in different chit fund companies are duly compensated.   Calcutta High Court's division bench of Justice Indra Prasanna...

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Fake crypto-currency (Crypto) exchanges have duped Indian investors of more than $128 million (nearly Rs1,000 crore) as the global Crypto market tanks, a new report claimed on Tuesday.   Cyber-security company CloudSEK said it has uncovered an ongoing operation involving several...

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Moneylife Digital Team 17 June 2022
The justice (retd) RM Lodha committee, which is supervising the Supreme Court (SC)-ordered process of selling PACL's assets, has allowed investors to update their mobile numbers on the separate portal, https://www.sebipaclrefund.co.in set up by Securities and Exchange Board of India...

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Continuing its selling spree for the eighth consecutive month in May, foreign portfolio investors (FPIs) have pulled out around Rs2.5 lakh crore from the Indian equity market.   So far in 2022 itself, FPIs sold investments worth over Rs1.7 lakh crore, data available with National...

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The shocking implosion of the TerraUSD and Luna crypto-currencies (crypto) threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages.   In a crash starting a week earlier, the once bullish TerraUSD and sister coin...

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Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 lakh on an ex-employee of Infosys for violating the model code of conduct in a case related to shares of Infosys. The individual, Prateek Sarawgi, was working as an Associate Manager (Business...

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In what could dampen the mood of crypto lovers, sales of non-fungible tokens (NFTs) have fallen a massive 92 per cent since September last year, shows data from popular website NonFungible.   The sale of NFTs fell to a daily average of about 19,000 this week, a 92 per cent decline...

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The National Spot Exchange Limited (NSEL) said on Wednesday that the Supreme Court (SC) has approved the constitution of a high-powered committee headed by retired judge of the Bombay High Court, Pradeep Nandrajog, for recovery of monies from the defaulters where NSEL has secured money...

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Share of retail investors (individuals with up to Rs2 lakh shareholding) in companies listed on the National Stock Exchange (NSE) reached an all-time high of 7.42% as on 31 March 2022 from 7.33% as on 31 December 2021, as per Primeinfobase, an initiative of Prime Database group.   In...

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The Enforcement Directorate (ED) on Friday provisionally attached assets worth Rs 6.28 crore in Assam in connection with a Prevention of Money Laundering case registered against Saradha Group of Companies for running illegal Ponzi schemes.   The ED initiated the investigation on the...

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Moneylife Digital Team 20 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of Rs5 crore each on brothers Malvinder Singh and Shivinder Singh in the Fortis Healthcare matter while also barring the Singh brothers from the securities market for a period of three years. In a...

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Twitter, Inc. has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Tesla CEO Elon Musk.   The Rights Plan, often called the "poison pill", will reduce the...

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Moneylife Digital Team 13 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has penalised stock exchanges—Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)—for "laxity" on their part in detecting the misuse of clients' securities worth Rs2,300 crore by Karvy Stock Broking Ltd...

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