Ten CSE brokers declared defaulters
After dilly-dallying for almost a week, the governing board of the CSE declared ten of its members as defaulters and suspended them from membership of the bourse following their failure to meet pay-in obligations of about Rs 60 crore in three successive settlements.
BSE volume falls to 16-month low
Total volume of business on the BSE fell to Rs 744.20 crore on Monday as against the usual volume of Rs 5,000 crore, indicating that a host of restrictions and margins are keeping away operators and day traders.
I-T raids on brokers reveal proof of vast undisclosed wealth
IT raids on six prominent brokers, including Ketan Parekh, former BSE chief Anand Rathi and Shankar Sharma of First Global, over the weekend have revealed evidence of staggering amounts of undisclosed wealth.