SEBI - Securities and Exchange Board of India

Moneymunch: G N Dairies against consumer complaints order for fraud & cheater

SEBI - Securities and Exchange Board of India

Just few hours back Securities and Exachange Board of India announced unauthorized dairy investment scheme run by G N Dairies and has asked the company to refund investors’ money. Consequently, SEBI ordered 3 month time period from date of October 31 for return money to it investors because all investment schemes designed with wrong intention and company promise of high returns in the name of trading of cattle and ghee without obtaining requisite certificate from the market regulator.

[sws_blockquote_endquote align=”” cite=”” quotestyle=”style05″] If the company fails to comply with its directives, a reference would be made to the state government and local police to register a civil/criminal (consumer) case/complaints against them for fraud and cheating (cheater). – SEBI [/sws_blockquote_endquote]

By Moneymunch online investigation(review/feedback), company claimed it has returned calves and ghee to as many as 45,000 investors.

Checkout similar two complaints investigated by Moneymunch: Read more

mcx natural gas

Energy import decreasing in U.S. and China rises but NG hit 2 years Top

First – know what will happen in MCX Natural gas for today & tomorrow, look below chart:

natural gas chart tips

We know well, China natural gas production increasing in March to top in last two years and Gov. Data showed that natural gas utilization in China hit almost 170 billion cubic meters last year. United State domestic natural gas prices are falling by a lack of upward income stress.

EIA (Energy information administrator) said, “China passed the United States as the world’s top importer of oil products.” If you don’t believe, look below chart with forecast:

petroleum-imports-us-china

As you can see China rising utilization and the United States’ short output “INSTANT STATIC REPORT” which creates by national development said same thing that from March 2013 natural Gas production arrived at 11.2 billion cubic meter and U.S at 1.6 %.

The world’s biggest energy user wants a natural gas booming to speedy transformation in the U.S and that’s the reason China has revolution envy.

Read more

dabba trading

Moneymunch: SEBI eyes on MCX Dabba trading and complaints

Securities and Exchange Board of India, Sebi

What is Dabba trading (Definition): The investor’s trades [buy/sell orders] do not executed on stock exchanges system but in the dabba operators books only.

Top reason for dabba trading: mainly to save on tax and trading fees. But traders don’t know, dabba trading or trading in commodity (MCX / NCDEX) futures outside the FMC-regulated exchanges is illegal as per the Forward Contracts Regulation Act (FCRA), 1952.

Dabba trading is also risky as it does not provide protection against counterparty default risk as guaranteed by commodity futures exchanges for trades done on them.

Market controller Sebi may break down on dabba trading that is said to be out of control in cities like Rajkot, Ahmadabad, Mumbai and Indore, following (consumer) complaints from market participants.

Dabba trading activities is 70% more existing in equity trading rather than commodity market. Look below image:

Cash turnover increases

(GIVEN by LOKESHWARRI SK BL RESEARCH BUREAU)

SEBI is asking, are Gujaratis losing interest in equity trading?

SEBI sources said: finding exact information from market participants about such illegal activities, has furthermore written to the state governments seeking information in this regard.

If you notice any illegal commodity futures market activity, please report to:
Forward Markets Commission, Everest, 3rd Floor, 100, Marine Drive, Mumbai 400 002, Tel: 022-227 953 00, Fax: 022-2281 2086, Email: [email protected]

Read more

mcx jignesh shah

Moneymunch found CBI complaints against MCX-SX licence

CBI director Ranjit Sinha
IT (Income Tax Department) had raided the offices of MCX and FTIL on June 19, 2007. The CBI is looking into this matter five years after the permission was granted and Sebi chief C B Bhave said “MCX Stock Exchange case, CBI working with ‘crazy logic'”. Central Bureau of Investigation (CBI) said on Thursday that it had registered a preliminary enquiry against former Securities and Exchange Board of India (Sebi) chief C.B. Bhave, its former whole-time member K.M. Abraham, Multi Commodity Exchange of India Ltd (MCX) and Financial Technologies India Ltd (FTIL).
P Chidambaram
Our Finance Minister P Chidambaram last words were on this matter, “don’t think CBI has all the facts on Bhave case. I am sure the Sebi records give reasons for why it gave them the licence for currency futures”.
Jignesh shah
But two days back at evening, Jignesh Shah was taken to CBI headquarters in Mumbai for questioning. The enquiry, in this instance, has been registered in connection with the grant of a licence to MCX Stock Exchange (MCX-SX), which first started operations in 2008 with its currency derivatives segment. Shah was later released by CBI.

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nifty wave

The Financial Waves Monthly Update: Nifty, Gold, Bank Nifty…

Following is an overview of “The Financial Waves Monthly Update” which is a 18 page report and has 12 different charts giving not only Indian but Global outlook using techniques like Elliott wave, Time Cycles, Fibonacci Projections, Channels, Sensex in Gold (real money), PE ratio,PB ratio, etc.

nifty wave

In September we saw strong pullback in Indian markets from lower levels and prices rallied by almost 3000 points on Sensex and 1000 points on Nifty. However, after approaching the multi-year resistance line which has been ending the up move since more than 5 years worked this time as well and prices finally closed the month within the body of previous month. If we ignore the closing and consider only highs and lows we can see a higher high and higher low formation. A move above …………. will be a strong positive sign. Sensex in Gold – real money gives correct picture of why majority of stocks are at new lows!
In current research we have showed Bank Nifty relative chart along with Nifty which shows that why Banking sector as a whole should ……… for months to come. …….that will be starting probably post mid 2014 …
Sensex PE ratio / PB ratioa tool many believe to be a fundamental measure but for us it provides more of technical perspective and helps to understand how markets have been trending along with it.
On currency front, when everyone was panicking we have mentioned 70 levels as very important as it is 1.618 * wave i and we can clearly see prices stopped its uptrend near this level and formed an inside monthly bar. This indicates there is halt in the …..
International precious metals both Gold and Silver has formed a monthly inside bar and should also continue to move sideways for digesting the multi-month down move. This time we are showing Silver long term chart and why this metal should also underperform along with Gold. The euphoria has slowly subsided in previous metals along with Indian currency as well.
US markets have not been doing much and all the negative news about US Government shutdown has not impacted their markets at all. In fact S&P500 closed positive by more than half a percent when the concerns were looming about US default a probability if they fail to raise the debt ceiling. It seems US stock market is not too concerned about what economists believe about Government shutdown and debt, after all for us markets are supreme and news is just a technical indicator.
This time our stock pick from Indian markets is Capital Goods heavy weight L&T and we should have ….. value of this stock in future. Overall, September had lot of emotional flux for both bulls and bears trading Indian markets and was relatively muted for other assets most of which formed an inside bar – DJIA, Gold, Silver!!!
taper-decision

Fed’s Fisher says taper decision is fuelling uncertainty

taper-decisionIf Richard Fisher, head of the Dallas Fed, is sure of anything it’s that when it comes to monetary policy uncertainty matters.

That was an argument Mr Fisher says he raised last month when his colleagues at the US central bank met to decide whether to pull back the Fed’s stimulus programme.

In a speech on Thursday, Mr Fisher explained that the Fed’s decision not to taper could lead people to question their understanding of the rules:

The recent decision of the Federal Open Market Committee (FOMC) to maintain the pace of its large-scale asset purchases in the face of a generally improving labour market outlook and a widespread perception within financial markets, right or wrong, that the Fed had telegraphed a dialing back of the rate of purchases may have increased uncertainty about the future path of monetary policy. That was one argument raised against the decision not to taper. I know, because I made the argument, and I was not alone.

While the Fed’s decision confused the markets last month, Mr Fisher said that bigger surprises – which he calls Black Swans – can create paradigm shifts in the markets and lead to crises. He lists events such as the Great Depression and the 2006 housing market collapse as examples and, worryingly, says that a default on US debt would be in that league:

If the U.S. government defaults on its debt later this month, we’ll have a third example. The unthinkable will have become real, and the “full faith and credit” of the United States will be a mirage rather than accepted fact.

Mr Fisher does not have a vote on the Fed’s Open Market Committee this year.