India’s first big spoofing case: In the country’s biggest spoofing case, the market watchdog Securities and Exchange Board of India (SEBI) on Monday debarred broking firm Patel Wealth Advisors (PWA) and its four directors from trading in the securities market for alleged order spoofing. The entity has been accused of realising illicit profit amounting to Rs 3.22 crore through spoofing in
Market regulator Sebi on Monday prohibited stock broker Patel Wealth Advisors from trading in securities using its proprietary account for allegedly involving in ‘spoofing’ activity. Additionally, the regulator has restrained four directors (present and former) of the broker from buying, selling, or dealing in any securities, directly or indirectly, according to an interim order. Also,
Sebi prohibits Patel Wealth Advisors from trading for allegedly engaging in ‘spoofing’ activity, a manipulative trading practice that distorts market prices. New Delhi, Apr 28 (PTI) Market regulator Sebi on Monday prohibited stock broker Patel Wealth Advisors from trading in securities using its proprietary account for allegedly involving in ‘spoofing’ activity. Additionally, the regulator has
Stock brokers have seen their margins squeezed in the March quarter, with trading volumes shrinking and income falling — partly due to a raft of regulatory changes such as increased margin requirements, the removal of volume-linked rebates, and higher limits for basic demat accounts taking a toll. Over the past few months, the Securities and
KUALA LUMPUR: Malaysia’s capital market regulators have received reports from a few brokers that there have been unauthorised access and trading activities in a limited number of clients’ online trading accounts. In a joint statement, the Securities Commission and Bursa Malaysia said the reports were received on Thursday, April 24, 2025, which also identified incidences
From left: Andrew Herzog of The Watchman Group; Knut Rostad of the Institute for the Fiduciary Standard; and Dave Settanni of Settanni Financial. As Robinhood bets on prediction markets, advisors are skeptical of the app’s push into the RIA custody and wealth management services. Financial advisors are grappling with cross-industry disruption from Robinhood, the popular
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Castries, Saint Lucia, April 24th, 2025, FinanceWire PrimeXBT, a regulated multi-asset broker, has expanded its offering with the introduction of stock CFDs, allowing clients to trade shares of major global companies with greater flexibility. The move is part of a broader strategy to give clients access to more markets and asset classes within the same
The long slump in AMP’s share price has left brokers pondering something they haven’t for years – could it be time to invest in the long-maligned wealth management giant, five years after it was eviscerated by a royal commission that found it repeatedly lied to the corporate regulator? Over the past week, Citi, Goldman Sachs
At a meeting last week, close to 10 qualified stock brokers (QSBs) requested that market regulator Sebi extend the 1 May deadline for offering a same-day settlement option to any of their clients desirous of such a cycle. As most top brokers are operationally unprepared for such a cycle, Sebi could extend the deadline for