G-Sec Yields Up

The 10-year benchmark government security (G-Sec) yield, which sets the tone of the...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Regulation: Beware of Fraudsters Posing as SEBI Officers!
To take investors for a ride, some scamsters have begun posing as officers from the capital market watchdog, Securities and Exchange Board of India (SEBI), to sell fraudulent investment schemes and are even promising gifts and bonus payouts.
 
These fraudulent schemes have, however, already come to the notice of SEBI and the regulator has cautioned investors and the general public against such scams and frauds. SEBI said that it is a regulatory body established to protect the interest of the small investors and to regulate and promote the capital markets. It does not “involve directly or indirectly in dealing with any kind of financial product or insurance policy.”
 
SEBI, which has intensified its clampdown on various kinds of schemes aimed at defrauding gullible investors, has also urged the general public to immediately report the matter to the police so that miscreants can be taken to task. The regulator said, “It has come to the notice of SEBI that certain unidentified persons posing as SEBI officials are advising public to invest in insurance policy/financial products to avail bonus, gifts, promotional offers or other such offers.”

User

Regulation: National Insurance Company Fined Rs5 Lakh
The Insurance Regulatory and Development Authority of India (IRDAI), the insurance sector regulator, has imposed a penalty of Rs5 lakh on National Insurance Company Limited for violating certain norms.
 
IRDAI said that the wordings for BOI National (Insurance Company) Swasthya Bima Policy’s provision for ‘claim falling in two policy years’ were not specified in the policy. The insurer had not specified these in the revised policy wordings also. The order said that the insurer accepted that the product was not compliant with the concerned provisions of IRDAI (Health Insurance) Regulations, 2013.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)