/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: On 13 January, a first-of-its-kind event took place. Markets regulator Securities and Exchange Board of India took action against a TV anchor for allegedly indulging in fraudulent trades based on advance information. Hemant Ghai, host of multiple shows on Hindi business channel CNBC Awaaz, was barred from the securities market and directed to stop giving investment advice or making stock recommendations till further notice. Ghai is accused of “front running”, i.e., trading in stocks based on insider knowledge of a future transaction that will affect their price. His mother and wife are alleged to have synchronized a large number of “buy-today-sell-tomorrow” trades in tandem with the recommendations made on the “Stock 20-20” morning show that he co-hosted. The modus operandi of the Ghais went something like this—Ghai’s wife and mother would buy a substantial number of shares of some companies. The bulk of these companies were then recommended as “buys” on the show the next morning. Once the markets opened, they would then sell these shares. The heightened level of interest in these stocks generated by the recommendations led to …
Editor's note: On 13 January, a first-of-its-kind event took place. Markets regulator Securities and Exchange Board of India took action against a TV anchor for allegedly indulging in fraudulent trades based on advance information. Hemant Ghai, host of multiple shows on Hindi business channel CNBC Awaaz, was barred from the securities market and directed to stop giving investment advice or making stock recommendations till further notice. Ghai is accused of “front running”, i.e., trading in stocks based on insider knowledge of a future transaction that will affect their price. His mother and wife are alleged to have synchronized a large number of “buy-today-sell-tomorrow” trades in tandem with the recommendations made on the “Stock 20-20” morning show that he co-hosted. The modus operandi of the Ghais went something like this—Ghai’s wife and mother would buy a substantial number of shares of some companies. The bulk of these companies were then recommended as “buys” on the show the next morning. Once the markets opened, they would then sell these shares. The heightened level of interest in these stocks generated by the recommendations led to …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
