In your interest.
Online Personal Finance Magazine
No beating about the bush.
SEBI in the Dock
The Securities and Exchange Board of India’s (SEBI) lack of understanding of basic capital market-related issues is beginning to worry those who are subject to its regulation or look up to its protection. Even the Securities Appellate Tribunal (SAT) has noted its arbitrary dealings and targeted investigations. Three recent examples are narrated below.
Fined & Reprimanded
One morning, around the time the Sensex first crossed 20,000, a friend told me that he had made a happy discovery: he was rich. Over the years, he and his family had made a habit of putting aside money they did not need. Ever so often, they would use it to buy shares in a handful of companies they liked. How these companies were selected is lost in the mists of time, but there were not many of...
After lying dormant for most of 2001,...