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28 AUG 2013: SEBI RAISES PENALTY ON PONZI SCHEME OPERATORS TO THREE TIMES THE PROFIT 27 Aug 2013 | 08:17 pm
Operators of illegal money-pooling schemes will soon face penalties of up to three times the profit made by them, against the current provision of a meagre fine of Rs 1 crore. Capital markets regulat...
26 AUG 2013: HERBALIFE IS INDEED AN MLM BUT NOT A PONZI 25 Aug 2013 | 06:14 pm
This is an excellent little piece of investigation by John Hempton at Bronte Capital. As you will know Bill Ackman has a massive short position on against Herbalife. His basic contention is that the c...
25 AUG 2013: INSURANCE AGENTS TO BE BARRED FROM SELLING PONZI PLANS 24 Aug 2013 | 07:10 pm
In the wake of the Saradha scam, the Insurance Regulatory Development Authority (IRDA) has decided to come out with stricter guidelines for insurance agents in order to prevent them from marketing pon...
23 AUG 2013: SEBI EMPOWERED TO CRACK WHIP ON PONZI SCHEMES 23 Aug 2013 | 07:51 pm
With the government giving Sebi new powers through the Securities Laws Amendment Ordinance, the regulator is keen on going after entities that are indulging in Ponzi schemes. Market regulator Sebi ha...
23 AUG 2013: SEBI TO BRING FRONT-RUNNING UNDER FRAUDULENT AND UNFAIR TRADE PRACTICES REGULATIONS 22 Aug 2013 | 08:31 pm
MUMBAI: In a major move to curb illegal activities, securities market regulator Sebi is bringing front-running by individuals under the ambit of fraudulent and unfair trade practices (FUTP) regulation...
SAMAJWADI PARTY WANTS SEBI LAW CHANGED 21 Aug 2013 | 07:31 pm
The Samajwadi Party on Monday opposed the UPA government’s plan to amend the Securities and Exchange Board of India (SEBI) Act to provide more teeth to the market regulator to crack down on ponzi sche...
SEBI EMPOWERED TO CRACK WHIP ON PONZI SCHEMES 20 Aug 2013 | 08:00 pm
With the government giving Sebi new powers through the Securities Laws Amendment Ordinance, the regulator is keen on going after entities that are indulging in Ponzi schemes. With the government givi...
20 AUG 2013: CHEATING CASE AGAINST MLM COMPANY 19 Aug 2013 | 06:58 pm
MUMBAI: The economic offences wing of the city police on Friday registered a case of cheating against a multi-level marketing firm, QNet, for selling thousands of investors plastic and glass products ...
19 AUG 2013: CAN SEBI STOP THE MENACE OF PONZI SCHEMES? 18 Aug 2013 | 06:14 pm
To curb rising instances of public getting defrauded by money pooling schemes, capital market regulator Sebi on Monday decided to declare illegal mobilisation of funds as a “fraudulent and unfair trad...
18 AUG 2013: SEBI VS. PONZI SCHEMES -THE HINDU 17 Aug 2013 | 07:10 pm
The Securities and Exchange Board of India has been vested with powers to regulate pooling of funds under an investment contract involving a corpus of Rs 100 crore or more. President Pranab Mukherjee ...
