In many Fortune 500 companies, shareholders are asserting their rights and defeating board resolutions, even removing CEOs. The Securities and Exchange Board of India (SEBI) aims to crack down on high-frequency trading (HFT), having made proposals for amendments to the Investment Advisor Regulations to fine and ban those promising “free trading tips” for the stock market over messaging services. In a statement released today, SEBI said that it has proposed changes in its investment advisory rules which would make it mandatory for firms offering HFT services to register with the regulator as an authorised financial
The Securities and Exchange Board of India (SEBI) aims to crack down on high-frequency trading (HFT), having made proposals for amendments to the Investment Advisor Regulations to fine and ban those promising “free trading tips” for the stock market over messaging services. In a statement released today, SEBI said that it has proposed changes in its investment advisory rules which would make it mandatory for firms offering HFT services to register with the regulator as an authorised financial