In your interest.
Online Personal Finance Magazine
No beating about the bush.
Last week, SEBI triumphantly announced to the world that the Securities Appellate Tribunal (SAT) has, in fact, been fairly supportive of its decisions. The announcement was backed by an internal research paper that “tabulated the result of appeals preferred before SAT” from the year 2000 to 2006. The conclusion: 80% of SEBI’s orders have been upheld even if the penalty has been reduced in the...