The FinTech Hub
Source: Live Mint “If the stock market is one of the movers of the new Indian economy, Parekh is one of the prime movers of that market…legend has it IPOs are filed with Parekh before they hit the market,” an India Today article from February 2001, stated. Later, he was implicated for orchestrating the 2001…
Source: Live Mint Markets regulator Sebi on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of ₹65.77 crore. Further, Sebi directed 22 entities, including Parekh, to impound unlawful gains worth ₹65.77 crore earned from the alleged violations,…
Source: Live Mint Mumbai: India’s market regulator said it has uncovered an alleged front-running scheme involving Ketan Parekh, convicted in 2008 for stock market manipulation, and Rohit Salgaocar, whose company facilitated these “illicit” trades that led to unlawful gains of ₹65.77 crore. Parekh and Salgaocar orchestrated trades based on confidential, non-public information (NPI) related to…
Source: Business Standard Parekh, in his plea, stated that the complaint had been filed in 2003 for the alleged violation dated 1997. | Photo: Shutterstock 3 min read Last Updated : Oct 09 2024 | 10:56 PM IST A special court here has rejected former stock market broker Ketan Parekh’s plea for the closure…
