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SEBI slaps fine on entity for illegal profits in telco shares

SEBI Tuesday imposed a penalty of Rs 4 lakh on one Rajesh Kumar after finding him guilty of making illegitimate profits through synchronised trades executed at fictitious prices in securities of telecom firms Idea and Tata Teleservices (Maharashtra) Ltd.

SAT asks SEBI to complete PNB Investment Services probe

The Securities Appellate Tribunal (SAT) has directed SEBI to complete its probe against PNB Investment Services in an IPO matter within two months, failing which the regulator's interim order will be upturned.

Some non-serious players present in MF space: SEBI

Market regulator SEBI has said there is a case for consolidation in asset management industry due to presence of some non-serious players, but clarity on this course will emerge only after the national mutual fund policy is put in place.

Investors to get daily trade alerts through SMS, Email

The move follows complaints against brokers and other market entities conducting transactions through accounts of their clients without the knowledge of the investor concerned.

SEBI bars Almondz Global from taking up new public offers

SEBI also asked the concerned investigation officers to expeditiously complete the probes in the case where a number of other entities have also faced penal actions.