Fwd: Today's Exclusives - SEBI slams down on F&O manipulation-II: NSE and BSE as the first line of regulation stand exposed

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From: Moneylife <noreply@moneylife.in>
Date: Thu, Jul 26, 2012 at 6:59 PM
Subject: Today's Exclusives - SEBI slams down on F&O manipulation-II: NSE and BSE as the first line of regulation stand exposed
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26 July 2012   Moneylife Exclusive SEBI slams down on F&O manipulation-II: NSE and BSE as the first line of regulation stand exposed Debashis Basu Some operator-driven stocks in the F&O segment have crashed in response to SEBI's decision to change the norms. Why had NSE added a bunch of dubious stocks to the F&O list that was open to manipulation and why is BSE silent about manipulation in hundreds of obscure companies? The answer is simple: Bourses are out and out profit-making entities and cannot be relied upon to act as the first line of regulators...   ADVT Other ML Exclusives   Insurers should disclose risks in IPO offer, says SEBI panel The panel recommended that general insurance companies proposing to come out with IPOs should disclose the "claims arising out of catastrophic losses, which could impact the profitability or cash flow of the insurance companies."... .................................................................................................................................................. Investor Protection: IEPF-protection racket A permanent bureaucracy to blow up investors' money... ................................................................................................................................................... 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At a Glance   - Crowds keep away from Team Anna fast on Day 2 - Monsoon deficiency to narrow down in coming days: IMD - Scanty rains to escalate inflationary pressures says CRISIL - RBI to get FSA support in supervision of British banks - Water pollution: Parliamentary panel to summon ministry officials - Bank credit offtake declines in the first half of July     Corporate Wrap-up   - S&P says asset quality of Indian banks may deteriorate further - BHEL Q1 up 13% to Rs921 crore - Unitech objects to Uninor's FIPB proposal on rights issue - No more tobacco or liquor companies on Goa industrial estates - State power bodies unable to meet PAT scheme obligations by 2015 - Goa to cancel licenses of 40 mining companies   Personal Finance   - Shriram Transport Finance NCD priced at Rs1,000 - BSES asked to pay Rs6,000 for denying new power connection - AEGON Religare Life launches online health plan - SBI raises $1.25 billion from overseas bond sale at 3.75% - DLF Pramerica Life launches `Income Rakshak' plan - Micro Technologies launches new surveillance device     FROM the ARCHIVES   SEBI slams down on F&O manipulation-I: What was NSE's role all this while? Media has faithfully reported SEBI's decision to change F&O eligibility criteria as a move to curb manipulation. But nobody has asked what was NSE doing all this while? Moneylife has highlighted brazen manipulation in creating the F&O list several times in the past... ...................................................................................................................................................... Where is India on safety standards for consumer electricals? There is an urgent need for BIS certification especially in context with safety of high-power consuming electrical appliances in India. The authorities need to re-introduce ISI certification for home consumer electricals urgently...   To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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