Markets regulator Sebi News

According to Sebi, Unique Consulting had "misused" its status as a stock broker and solicited and collected funds and deposits from investors through misrepresentation and allurement of periodical returns.

Sebi said the company allegedly solicited money from investors promising huge returns while using fake and forged broker registration documents and a name similar to that of an exchange group

The new norms include public dissemination of profiles of arbitrators, performance review of such arbitrators, three - stage fee structure for faster implementation of award and to discourage delayed filling of arbitrations by trading members.

To make it easier to do business, markets regulator Sebi plans to soon introduce a paperless online mechanism for registration as brokerage firms, mutual funds, portfolio managers and other market intermediaries.

Markets regulator Sebi plans to conduct a comprehensive review of its surveillance systems and further bolster its capabilities to keep manipulators.