All stock exchanges and depositories have been asked to widely publicise its online web-based complaints redressal system, , sebi, bourses, depositories, Online Complaint Redressal System
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SEBI calls for mechanism to prevent market abuse
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MIIs told to formulate code of conduct
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MIIs told to formulate code of conduct
SEBI on Wednesday asked stock exchanges, clearing corporations and depositories to put in place a code of conduct and institutional mechanism to prevent fraud or market abuse by them and their designated persons.
Under this, the managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be obligated to frame a code of conduct and put in place an institutional mechanism. Further, the board of directors needs to ensure compliance by the MD/CEO in this regard. MIIs will have to formulate a code of conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the prohibition of insider trading regulations.
15 Comments on this Story
SreenivasaChakravarti29 days ago
Have written #Karvy to refund ledger balance but there is no action taken. Complaints escalated to NSDL again no reply. NICE Portal skirts the subject of ledger balances and only asks for scripts. It’s a perfect circular logic where small investors are destined to lose.
SSRINIVASAN48 days ago
Karvy Stock Broking Limited has cheated small investors by pledging the shares by misusing the Power of Attorney (POA). These POAs were obtained as a matter of routine from the small investors and there was no way a small investor could say no to signing the POA. NSE& BSE have not banned this group from doing any business in securities market. We invest in the security market hoping that the regulatory bodies would take stringent action on erring brokers both on the brokeing firms and on the persons involved in the fraud by confiscating their personal wealth. But regulatory bodies did not safeguard the interest of small investors