REGULATIONS


The US made insider trading illegal way back in 1934; and, yet, an academic study in 2020 showed that only about 25% of it is ever detected and prosecuted. Despite continuous efforts by policy-makers around the world to tighten rules and plug loopholes, people continue to profit from advance...

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Moneylife Digital Team 02 July 2022
Warning education technology (edtech) companies against unfair trade practices, the Union government says, if self-regulation does not work, then the government will formulate stringent guidelines for this segment.    In a meeting with the self-regulatory body India Edtech Consortium...

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Moneylife Digital Team 02 July 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty totalling Rs36 lakh on five entities -- including PGIM Asset Management Company and its chief executive officer Ajit Menon -- for flouting mutual funds norms while executing Inter-Scheme Transfers (ISTs). Apart from these,...

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Moneylife Digital Team 01 July 2022
In an order which came late on Thursday evening, the Securities and Exchange Board of India (SEBI) imposed penalties totalling Rs11 crore on eight entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain in a case pertaining to software related...

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Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday that crypto-currencies (cryptos) are a clear danger to the financial systems, adding that we must be mindful of the emerging risks on the horizon.   In RBI's annual financial stability report (FSR) 2022, he wrote in...

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The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against a South African company and its CEO (chief executive officer) for running a fraudulent commodity pool worth over US$1.7bn (billion) in Bitcoin—the largest  fraudulent scheme involving Bitcoin...

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Moneylife Digital Team 01 July 2022
The Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs1.6 crore on seven entities including Kotak Asset Management Company (AMC), its managing director (MD) Nilesh Shah, chief investment officer (debt) Lakshmi Iyer, and four other senior company officials for...

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The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stable-coins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor...

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Moneylife Digital Team 01 July 2022
The Securities and Exchange Board of India (SEBI) on Thursday issued a fresh cybersecurity and cyber-resilience framework for stockbrokers and depository participants.   As per the new framework, stockbrokers and depository participants must report any cyber-attack, cyber-threat or...

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Moneylife Digital Team 01 July 2022
Securities and Exchange Board of India (SBEI) has extended the deadline for implementation of the guidelines related to pledging and repledging of stocks for margin purpose  by two months to 1st September. With the implementation of the guidelines, Power of Attorney (PoA) would be replaced...

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Moneylife Digital Team 30 June 2022
Reserve Bank of India's (RBI) clarification that prepaid payment instruments (PPIs) like e-wallets and prepaid cards may not be allowed to extend credit through these instruments, forms part of an overall tightening of digital financial services regulation. While the regulatory changes will...

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Moneylife Digital Team 30 June 2022
Securities and Exchange Board of India (SEBI) has barred Parsvnath Developers from the securities market for six months and imposed a penalty of Rs15 lakh on the company for flouting listing rules. The company has been directed to pay the penalty within 45 days, SEBI said in an...

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Moneylife Digital Team 30 June 2022
From 1st July onwards, mutual fund investments cannot be initiated from a pool account. As per the Securities and Exchange Board of India  (SEBI), first the money has to go from the investor's bank account to the bank account of the mutual fund house. Accordingly, all stock exchanges-led...

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Bonnie Patten (TruthInAdvertising.org) 30 June 2022
Consumers can not afford to go it alone when it comes to atypical income claims.   In May 2022, TINA.org filed a comment concerning the US Federal Trade Commission (FTC)’s request for statements regarding its consideration of proposing a rulemaking to address deceptive or unfair...

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Moneylife Digital Team 29 June 2022
The Securities and Exchange Board of India (SEBI) has imposed heavy penalties in a 2015 ‘dark fibre’ case that saw certain brokers exploiting the National Stock Exchange’s (NSE’s) internet infrastructure to get faster connectivity to its co-location (Colo) facilities.   The market...

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Moneylife Digital Team 29 June 2022
The US Securities and Exchange Commission (SEC) has charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain certified public accountant (CPA) licences and for withholding evidence of this misconduct from the SEC's enforcement division...

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Moneylife Digital Team 29 June 2022
Market regulator Securities and Exchange Board of India (SEBI) on Wednesday allowed foreign portfolio investors (FPIs) to participate in the exchange-traded commodity derivatives (ETCDs) market. Under the mutual fund (MF) regulations, the SEBI board also removed the applicability of the...

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Moneylife Digital Team 29 June 2022
Securities and Exchange Board of India (SEBI) has asked PTC India Financial Services (PFS) not to make any changes to the company’s board until completion of the forensic audit.   Earlier in January, SEBI had asked PFS to address corporate governance and other issues raised by its...

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Moneylife Digital Team 29 June 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh each on Coffee Day Enterprises Ltd and Coffee Day Trading Ltd for failing to disclose the pledged and unpledged shares of Mindtree Ltd to the companies and stock exchanges.   Coffee Day Trading (CDTL) is a...

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As fires in electric vehicles (EVs) continue unabated in the country, an expert committee set up by the Union road transport and highways ministry has found safety system flaws in batteries of electric two-wheelers (2W).   The electric 2W manufacturers took shortcuts in order to bump...

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