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Sebi bars 12 websites for giving fraudulent market tips

Monday, March 25, 2019, 5:34 PM

Markets regulator Securities and Exchange board of India (Sebi) has barred a dozen of websites after receiving complaints from investors that certain investment advisory portals cheated them. The order contains a list of websites including trade4target.com, niftysureshot.com, mcxbhavishya.com, callput.in, newsbasedtips.com, futuresandoption.com, optiontips.in, commoditytips.in, sharetipslive.com, thepremiumstocks.com, callputoption.in and tradingtipscomplaints.com. According to Sebi, these advisory firms were engaged in the business of fraudulent investment advisory activity.
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MFs, PMS to be get to play in commodity derivatives soon: Sebi

Friday, March 1, 2019, 2:48 PM

Markets regulator Sebi allowed mutual funds and portfolio management services(PMS) to trade in commodity derivatives. "The Board approved participation by mutual funds and portfolio managers in exchange traded commodity derivatives. Category-III Alternative Investment Funds which are already permitted to participate in Commodity derivatives, have now been permitted to deal with goods received in delivery against physical settlement of such contracts, if any," Sebi said.
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Fortis asks Sebi to arrest Singh brothers for failing to repay 400 cr

Monday, February 25, 2019, 6:26 PM

Fortis Healthcare Ltd. petitioned India's market regulator to arrest its founders after the Singh brothers failed to repay 4 billion rupees ($56 million) that the watchdog had determined they had fraudulently taken out. The company earlier this month had requested the SEBI to use its legal authority to recover the money from Malvinder and Shivinder Singh, said Fortis spokesman Ajey Maharaj.

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