Sebi on Wednesday revised the disclosure requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts, revising norms related to financial information in offer documents and post-listing disclosures. Under the new rules, REITs and InvITs issuing offer documents or follow-on offers must disclose audited financial statements for the last three financial years and a stub period, if applicable, Sebi said in two separate circulars.
He was sentenced to nine and five years on charges of conspiracy and two of securities fraud.
Multiple homes, million-dollar art, their very own professional sports teams. Just a few of the ways successful financiers spend their paychecks.
Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing company to try to cover his tracks.
Mathew Martoma helped SAC reap more than $275 million profit.
Indian-origin Mathew Martoma, convicted for his role in the most lucrative insider trading scheme in US history involving $275 million, will be sentenced in June and could face about 20 years in prison.
Two Indian Americans are at the centre of a case, which resulted in a deal that brought $600 million to the Securities and Exchange Commission, the largest amount it got ever to settle an investigation.
Mathew Martoma, a former SAC Capital portfolio manager, faces 20 years in prison for securities fraud and five years for conspiracy
The appeals court granted Martoma's request to extend his November 10 surrender date until an appellate panel hears and decides on his motion for bail pending appeal.
Reema Shah pleaded guilty to insider trading and cooperated with the US government for accepting insider info from a Yahoo! executive
Through gestures and decisions, the BJP high command has signalled that Raje may not be the lead actor but rather play a supporting role in a high-stakes election in its stamping ground.
Prominent Indian-American attorney Preet Bharara has no plans to quit as the chief federal prosecutor in Manhattan anytime soon as he has the "greatest job in the world" but said he will "walk the earth and get into adventures" whenever he retires.
Shah had pleaded guilty in 2012 to securities fraud in a parallel civil insider trading case case.
'Serious crimes of this sort cannot be excused merely because he has a family.' P Rajendran/Rediff.com was in the courtroom last week when Mathew Martoma was sentenced to nine years in prison for insider trading.
The rather amateurish, even ham-handed, attack would lend some credence to a 'false flag' theory, of the PTI leadership staging this incident, to provide new impetus to a flagging agitation, notes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.
Finding itself trapped in a cul de sac, all things considered, a negotiated climbdown at this juncture seems the only sensible course available for the Centre, suggests Virendra Kapoor.
One solution to India's challenges of education, employment, employability lies in state governments adopting apprenticeships on a large scale.
The promise of a less suspicious government is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan.
FIFA president Sepp Blatter and its secretary general Jerome Valcke have both hired high-powered US lawyers to represent them as a corruption probe roils soccer's global governing body.
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
On all key issues, Congress is MIA, sighs Shekhar Gupta.
Sixteen deaths in rain and flood-related incidents have been reported from western Maharashtra in the last seven days, while the toll in Karnataka rose to five since Sunday.
106 people died on a single day on Thursday.
Meet the US Attorney who took on Donald Trump.
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