Securities and Exchange Board News

Elon Musk has reached a settlement with United States Securities and Exchange Commission (SEC) according to which he will quit as chairman of Tesla as well as pay a fine of US $20 million.

To safeguard mutual fund industry from possible defaults, market regulator Sebi on Thursday asked them to conduct stress test on all liquid and money market schemes every month.

The Securities and Exchange Board of India (SEBI) on Thursday asked asset managers to conduct monthly stress tests on their liquid and money market mutual funds in a bid to improve risk management across the sector.

The Securities and Exchange Board of India (SEBI) Chairman U K Sinha on Wednesday ruled out revisiting the existing norm for 25 percent public holding of shares in the listed companies, including the PSUs, and said that such a step will be a retrograde one.

Officials at Securities and Exchange Board of India (SEBI), which is seeking redress for millions of investors it says were burnt in conglomerate Sahara`s illegal bond scheme, say the group may not wholly own some of the properties in India it listed as proof of its ability to repay the savers.