Trading Law
ED questions TV actors in 'unauthorised' fraud forex trading app case
The Enforcement Directorate on Wednesday recorded the statement of two television actors here as part of a money laundering investigation linked to the operations of an "illegal" online forex trading platform that is alleged to have duped investors to the tune of Rs 500 crore, official sources said. The sources said actors Krystel Dsouza and Karan Wahi were called for questioning in order to elicit information about some payments being made for promotions of the app named OctaFx which also had a website -- www.octafx.com. The statements of the two have been recorded as the ED is investigating this case under the provisions of the Prevention of Money Laundering Act (PMLA), they said. Another TV actor and model Nia Sharma has also been summoned, the sources said. It is understood that the agency wants to understand the operations of the platform and these actors may not be seen as wrongdoers or accused. The money laundering case of the ED stems from a Pune Police (Shivaji Nagar poli
 "ED questions TV actors in 'unauthorised' fraud forex trading app case")
NSE likely to defer the internal deadline for trading hour extension
Bourse was eyeing a March rollout
 "NSE likely to defer the internal deadline for trading hour extension")
Reserve Bank adds 19 unauthorised forex trading platforms in 'Alert List'
The Reserve Bank on Friday updated the 'Alert List' of unauthorised forex trading platforms by adding 19 more entities, including FX SmartBull, Just Markets, and GoDo FX, taking the total to 75. The Alert List contains the names of entities, which are neither authorised to deal in forex under the Foreign Exchange Management Act, 1999 (FEMA) nor to operate electronic trading platform (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018. The other entities added to the list are Admiral Market, BlackBull, Easy Markets, Enclave FX, Finowiz Fintech, FX SmartBull, Fx Tray Market, Forex4you, Growing Capital Services, and HF Markets. Other platforms are HYCM Capital Markets, JGCFX, PU Prime, Real Gold Capital, TNFX, Ya Markets, and Gate Trade. In a statement, the Reserve Bank said the Alert List also contains names of entities/platforms/websites which appear to be promoting unauthorised entities. "The list is not exhaustive," it said and adde
 "Reserve Bank adds 19 unauthorised forex trading platforms in 'Alert List'")
Sebi examining proposal for extended derivative trading hours: Report
Sebi is assessing whether the extended hours will fuel already high derivative trading volumes and if the trade settlements will be smooth, one source said
 "Sebi examining proposal for extended derivative trading hours: Report")
Fresh attempt made at settling NSE's TAP regulatory investigation
Bourse, employees filed fresh application with Sebi in May: NSDL disclosure
 "Fresh attempt made at settling NSE's TAP regulatory investigation")
All you wanted to know about a 'pullback' in trading
Failure to exit a trade may create disparity on the breakout strategy.
 "All you wanted to know about a 'pullback' in trading")
A tale of two jurisdictions
Distinctions between the laws on insider trading in India and the US are nuanced rather than evident
 "A tale of two jurisdictions")
