Securities Market
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SEBI to clamp down on fraudulent activities in securities market, will take action against 14,720 entities for 'non-genuine trades'
•SEBI will take action against 14,720 entities for "non-genuine trades" through illiquid stock option segment as it clamps down on fraudulent activities
SEBI bans two brokers, seven individuals for alleged misuse of client funds
•Sebi on Tuesday banned two brokers Ficus Securities and Ficus Commodities along with seven individuals for alleged misuse of client funds.
Sebi bans Grass Root Finance, 13 cos from capital markets for raising funds by violating IPO norms
•The company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance.
Sebi bars Vijay Mallya from trading in securities market, co-directorship
•The markets regulator also said the “aspect of change in control of USL” that followed the agreement between Diageo and Mallya is being examined separately.