Sunday, January 07, 2024 1:18:41 PM
#dcvax #allsolidtumors $nwbo #gbm
Another country proactively working against the criminals. The US Gov't and it's regulators just allow it to happen and turn a blind eye. #SEC #FINRACRIME #POTUS
@TheJusticeDept
#India bans naked short selling, no institutional investor shall be allowed to do day trading
@wdmorgan2
·
Jan 6
#India bans naked short selling, no institutional investor shall be allowed to do day trading
SEBI may review list of stocks eligible for short selling from time to time, said the market regulator's framework on short selling
https://businesstoday.in/markets/top-story/story/sebi-bans-naked-short-selling-no-institutional-investor-shall-be-allowed-to-do-day-trading-412081-2024-01-05
SEBI bans naked short selling, no institutional investor shall be allowed to do day trading
Feedback
SEBI bans naked short selling, no institutional investor shall be allowed to do day trading
SEBI may review list of stocks eligible for short selling from time to time, said the market regulator's framework on short selling
J Jagannath
Updated Jan 05, 2024, 9:09 PM IST
SEBI bans naked short selling, no institutional investor shall be allowed to do day trading
SEBI bans naked short selling, no institutional investor shall be allowed to do day trading
SUMMARY
No institutional investor shall be allowed to do day trading or square off their transactions intra-day, said the market regulator
Short selling means selling a stock that the seller does not own at the time of trade
SEBI also said all stocks that trade in the futures and options segment are eligible for short selling
The Securities and Exchange Board of India (SEBI) on Friday said that investors across all categories will be allowed for short selling, but naked short selling will not be permitted. The market regulator also said all stocks that trade in the futures and options (F&O) segment are eligible for short selling. All investors would be required to mandatorily honour their obligation of delivering the securities at time of settlement, said SEBI.
No institutional investor shall be allowed to do day trading or square off their transactions intra-day, said the market regulator's framework on short selling and securities lending and borrowing scheme. Short selling means selling a stock that the seller does not own at the time of trade.
SEBI may review list of stocks eligible for short selling from time to time, said the market regulator as part of its tightened disclosure rules for short selling. "The stock exchanges shall frame necessary uniform deterrent provisions and take appropriate action against the brokers for failure to deliver securities at the time of settlement which shall act as a sufficient deterrent against failure to deliver," said SEBI.
The move comes after the Supreme Court asked SEBI to examine whether investors suffered losses and whether any short positions were created in breach of the law ahead of US short seller Hindenburg Research's report last year, which alleged that Adani Group had broken stock market rules. These allegations are being investigated by SEBI. The Adani Group has denied any wrongdoing.
Existing Indian rules do not allow so-called naked short trades, where an investor sells short without having already borrowed or located the shares or securities to be sold.
Introduction of a full-fledged securities lending & borrowing scheme (SLBM) shall be simultaneous with the introduction of short-selling by institutional investors, said SEBI.
Institutional investors have to confirm and inform upfront if the trade is a short sale while retail investors can make necessary disclosures by end of the trading hours. Brokers have been mandated to collect scrip-wise short sell positions and upload on exchanges before next trading day.
"The brokers shall be mandated to collect the details on scrip-wise short sell positions, collate the data and upload it to the stock exchanges before the commencement of trading on the following trading day. The stock exchanges shall then consolidate such information and disseminate the same on their websites for the information of the public on a weekly basis. The frequency of such disclosure may be reviewed from time to time with the approval of SEBI," said the market regulator.
"The latest SEBI short selling regulations are undoubtedly a double-edged sword. While their stated aim of curbing market manipulation and enhancing price discovery is laudable, their potential to dampen market efficiency shouldn't be ignored. Limiting short selling, particularly naked shorting, can impede liquidity, especially in smaller stocks. This could make the market less responsive to fundamental shifts, potentially harming price discovery.
"However, let's not forget the rationale behind SEBI's move. The recent memory of volatile episodes, potentially exacerbated by manipulative short selling, likely played a role. Additionally, a concern for retail investor protection might have factored in, as short selling can be complex and easily misunderstood. Therefore, it's crucial to monitor the impact of these new guidelines closely. We need to see if the benefits of curbing manipulation outweigh the potential cost of reduced market efficiency. A data-driven approach, with periodic review and adjustments, would be key to ensuring a healthy balance between stability and dynamism," said Sonam Srivastava, Founder and Fund Manager at Wright Research.
Recent NWBO News
- Biophma Announces Exclusive In License for Dendritic Cell Technology, Sending Shares Higher • AllPennyStocks.com • 06/17/2024 04:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:11:16 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/03/2024 09:22:55 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/22/2024 08:13:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:04:57 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM