Page 26 - Debashis Basu News Today : Breaking News, Live Updates & Top Stories | Vimarsana

 3 On Monday, the Securities Appellate Tribunal (SAT) caused quite a buzz by allowing the National Stock Exchange’s (NSE) demand to release Rs6,085 crore of revenue earned from its algo trading and co-location (Colo) services.   Asking the Exchange to block this sum in an escrow account was one of the punitive actions initiated by the Securities and Exchange Board of India (SEBI) following the algo scam investigation that started in 2015.    The order is an embarrassing indictment of the market regulator, which has been conducting a meandering investigation and issued multiple orders over the past six years that are nothing more than a slap on the wrist of the Exchange. Meanwhile, SEBI’s initial investigation and orders have already weakened the case against the Exchange by failing to fix individual responsibility for repeated violations of rules, failing to quantify illegal gains made by brokers and, worse, failing to comprehend the enormity of profiteering that was pos

Andhra pradeshTamil naduRavi narainSangeeta guptaDebashis basuChitra ramkrishnaPrakash guptaArvind sawantAnand subramanianSanjay guptaReceivables exchange of indiaKerala high courtSupreme courtErnst youngExchange board of indiaMadras high court