Friday, June 15, 2012

SEBI shuts the consent route

The Securities and Exchange Board of India (SEBI) in the recent revised scheme of consent order has shut the consent route for: -

  • Insider trader
  • Front runner
  • Market manipulator
The following are the guidelines: -

  • Failure to redress investor grievances, failure to make obligatory disclosures.
  • Non-Compliance with SEBI summons non-compliance with SEBI Orders.
  • Application before completing any investigation/Inspection.

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