Tag: securities market

SAT stays SEBI’s order to ban Omaxe, others from securities market 

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SAT stays SEBI’s order to ban Omaxe, others from securities market 

The logo of Securities and Exchange Board of India (SEBI). | Photo Credit: Reuters The Securities Appellate Tribunal (SAT) has stayed a SEBI order that barred realty firm Omaxe, its Chairman Rohtas Goel, Managing Director Mohit Goel and others from the securities market for two years for misrepresentation in the company’s financial statements. The latest…

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U.S. stock settlement switch could face an early resilience test

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U.S. stock settlement switch could face an early resilience test

Participants in the United States’ multitrillion-dollar securities markets face an early test of their ability to cope with regulatory reforms to speed up trade settlement, as a major index rebalance scheduled to occur just days after the planned switch risks causing a spike in failed trades. Starting May 28, U.S. stocks and corporate bonds must…

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