Latest news with #SecuritiesandExchangeBoardofIndia
Hans India
9 hours ago
- Business
- Hans India
Sebi issues guidelines to strengthen riskmonitoring
New Delhi: Markets regulator Sebi on Thursday came out with a series of measures to strengthen risk monitoring in equity derivatives, including the intra-day monitoring of market-wide position on single stock derivatives. As part of the new measures, exchanges will conduct intraday monitoring of Market-Wide Position Limit (MWPL) utilisation at a minimum of four random intervals during the trading day, Sebi said in its circular. Additionally, the regulator has introduced new eligibility criteria for derivatives on non-benchmark indices and revised individual entity-level position limits based on the updated MWPL framework. These measures will be implemented in a phased manner beginning October 1, the Securities and Exchange Board of India (Sebi) said. The regulator noted that the derivatives market enables efficient price discovery, improved market liquidity and permits investors to manage risk. Stock exchanges and Clearing Corporations (CCs) together provide the platform and products for trading in the derivatives market, while ensuring online real-time risk management, adequate surveillance, as well as smooth settlement of trades.
United News of India
16 hours ago
- Business
- United News of India
SEBI bars actor Arshad Warsi, wife, brother from market for violating rules
Mumbai May 30 (UNI)The Securities and Exchange Board of India (SEBI) on Friday barred Bollywood actor Arshad Hussain Warsi, his wife Maria Goretti Warsi and others from accessing the securities market for a period of one year, following their alleged involvement in a coordinated 'pump and dump' scheme related to shares of Sadhna Broadcast Limited (SBL). The regulator imposed a fine of Rs 5 lakh each on Arshad and his wife Maria and restrained them from the securities market for 1 year, as per an order passed by SEBI on Thursday The regulator also barred 57 other entities and persons including Warsi's brother Iqbal Warsi from the market for periods ranging from one to five years. The order passed by SEBI Whole Time Member Ashwani Bhatia notes that Arshad Warsi, his brother Iqbal and Goretti were complicit in the market manipulation scheme orchestrated by the mastermind, Manish Mishra. The probe was initiated after complaints were received between July and September 2022 alleging stock price manipulation in Sadhna Broadcast shares, promoted by misleading YouTube videos and a large-scale paid marketing campaign. UNI AAA SSP
India.com
20 hours ago
- Business
- India.com
Bad news for Arshad Warsi, his wife as they get banned from..., fined Rs 5 lakh each for...
Bollywood actor Arshad Warsi is a well-known, versatile actor who started his journey as a dance choreographer and later found a chance in acting, which became a huge opportunity for him. Over the years, Arshad has impressed audiences with his performances in both comedy and serious roles, earning a strong fan following. However, this time Arshad has landed into serious trouble that is associated with the share market. Arshad Warsi and Wife Banned By… In a major action, SEBI (Securities and Exchange Board of India) has banned Arshad, his wife Maria Goretti, and 57 other people from taking part in the stock market. This ban is for one to five years, depending on their role in the case. The issue is linked to a scam involving Sadhna Broadcast Ltd. As per reports, SEBI found that some YouTube channels had posted fake videos to trick people into buying shares of the company. The videos claimed that big companies like the Adani Group were planning to buy Sadhna Broadcast or invest huge money in it. These false claims made the share prices go up quickly. Once the prices were high, the people involved sold their shares to make big profits. This type of fraud is called a 'pump-and-dump' scheme. Arshad and His Wife to Pay… According to Hindustan Times, on May 29, SEBI published a long 109-page report that shed light on the entire scheme. The time frame for SEBI's probe is March 8, 2022, to November 30, 2022. As per their findings, shares of Sadhna Broadcast were manipulated during this time. Arshad Warsi and his wife were named as volume creators, which means that they bought and sold shares when the false videos were posted. Arshad reportedly made around Rs 29.43 lakh, while Maria made about Rs 37.56 lakh. SEBI fined them Rs 5 lakh each and has asked them to return the money they earned illegally, with 12% interest per year. In total, 59 people were found guilty in this scam, including the promoters of Sadhna Broadcast, as they made illegal profits of over Rs 58 crore. SEBI has given out penalties between Rs 5 lakh and Rs 5 crore, depending on how much each person has earned from this scam.
Time of India
a day ago
- Business
- Time of India
Sadhna Broadcast case: Sebi bans Arshad Warsi, wife Maria Goretti from the securities market; actor fined Rs 5 lakh
Sadhna Broadcast case: The Securities and Exchange Board of India (Sebi) has barred actor Arshad Warsi, his wife Maria Goretti, and 57 others from being involved in securities markets for periods ranging from one to five years. The action comes following the actor and his wife's collaboration on videos posted on YouTube that prompted viewers to purchase shares of Sadhna Broadcast, the central agency said. Arshad Warsi banned from securities market, fined Rs 5 lakh Actor Arshad Warsi, best known for his work in films such as Munnabhai MBBS and Jolly LLB, has landed in trouble because of his role in the Sadhna Broadcast case. On May 29, Sebi imposed monetary penalties of Rs 5 lakh each on Warsi and his wife, Goretti. Moreover, they have been banned from the market for a year. Further, the regulatory body has imposed financial penalties ranging from Rs 5 lakh to Rs 5 crore on 57 other parties. This includes the promoters of Sadhna Broadcast, which is now known as Crystal Business System Ltd. Sebi further asked all 59 entities to return collective illegal profits of Rs 58.01 crore. An additional annual interest of 12 per cent will also be levied. This has to be paid jointly till the entire amount is sorted. As per Sebi's findings, Arshad Warsi earned profits of Rs 41.70 lakh, while Maria Goretti made Rs 50.35 lakh from their actions. About the Sadhna Broadcast case In its detailed report, Sebi noted that the scheme was carried out in two stages. In the first one, promoter-associated entities conducted trades internally in a bid to increase the scrip price and create fake market activity. The transactions had an impact on pricing largely due to limited market liquidity. This gave the concerned parties an opportunity to boost the share value while utilising negligible trading resources. After this, promotional content was broadcast on various YouTube channels. These videos projected SBL as a top-notch investment option and went hand-in-hand with the orchestrated market activities Arshad Warsi and Maria Goretti married in 1996. They have two children. Goretti was a noted VJ. She also made a guest appearance in Rajat Kapoor's Raghu Romeo. Arshad Warsi, meanwhile, is gearing up for the release of Jolly LLB 3 and Welcome to the Jungle.
Business Standard
a day ago
- Business
- Business Standard
SEBI overhauls F&O regulations to boost risk monitoring and market alignment
The Securities and Exchange Board of India (SEBI) has issued a comprehensive circular introducing sweeping changes to the regulatory framework of the equity derivatives market. The new measures aim to strengthen risk controls, improve alignment with the cash market, and ensure fair and orderly participation across all market participants. One of the most significant changes is the recalibration of the Market Wide Position Limit (MWPL). Until now, MWPL was based solely on a stock's free float. The revised structure introduces a dual benchmark: the lower of 15% of free float or 65 times the average daily delivery value (ADDV), with a minimum floor of 10% of free float. This shift is designed to make position limits more reflective of actual trading activity and to reduce unwarranted F&O bans. SEBI has also refined how open interest is calculated. Instead of simply counting notional positions, the new framework will measure open interest using a Delta-adjusted Future Equivalent (FutEq) approach. This offers a more risk-sensitive metric by adjusting each position based on its sensitivity to the underlying asset's price movements. In a bid to discourage speculative pressure during F&O ban periods, SEBI now mandates that any positions taken after a stock enters a ban must result in a net reduction of delta-based open interest. Exchanges and clearing corporations will track these delta positions daily, with specific guidelines on what constitutes an acceptable reduction. To further curb systemic risk, exchanges must monitor MWPL usage intraday at least four random times per session. This real-time surveillance will help detect sudden build-ups in positions and trigger early warning systems, including additional surveillance margins or scrutiny of participant-level concentration. SEBI has also increased position limits in index derivatives. For index options, the net end-of-day FutEq position is capped at Rs 1,500 crore, while gross long and short positions cannot exceed Rs 10,000 crore each. These limits will be phased in from July to December 2025, allowing institutions to adjust their systems for delta monitoring. Index futures now come with tiered position limits based on participant type, such as FPI Category I, mutual funds, or trading members. Limits are calculated as the higher of a specified percentage of market-wide open interest or a fixed rupee amount, ensuring flexibility for different types of investors. Another key reform is the introduction of a pre-open session in the derivatives market, aligned with the cash market structure. This will initially cover current-month futures and extend to next-month contracts during the rollover week, supporting better price discovery and transition between expiries. To prevent index manipulation, SEBI has tightened eligibility criteria for launching derivatives on non-benchmark indices. Requirements now include a minimum of 14 constituents, caps on the weight of top stocks, and a descending order of constituent weights to ensure balanced representation. Entity-level position limits for single stocks have also been revised, now linked directly to the recalibrated MWPL. This recalibration applies different thresholds for clients, proprietary trading members, mutual funds, and various FPI categories. Exchanges will develop new monitoring frameworks to flag excessive concentration or risk from large positions. All these changes will be phased in between July and December 2025. The circular mandates exchanges and clearing corporations to update their rules, systems, and standard operating procedures (SOPs) in line with the new framework. With these reforms, SEBI intends to create a derivatives market that is more transparent, tightly supervised, and better aligned with the real economy, without curbing genuine risk management or price discovery.
