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Moneymunch introducing new chat rooms / contact features for Subscribers
Lock Lock LockImportant Announcement: 24×7 Live chat support for FOREX & COMMODITY SUBSCRIBERS
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Moneymunch: G N Dairies against consumer complaints order for fraud & cheater
Just few hours back, Securities and Exchange 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.
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
By Moneymunch online investigation(review/feedback), the company claimed it has returned calves and ghee to as many as 45,000 investors.
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Moneymunch: SEBI eyes on MCX Dabba trading and complaints
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:
(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]
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I’d had the COURAGE to live a life true to myself, not the life others expected of me.
This was the most popular repent of all.
Whenever men and women understand that his or her life is pretty much over and review clearly on it, it is simple to see how many dreams have away unfinished.
The majority of people have had not thankful even a half of their dreams and had to suffer knowing that it was due to selections they had made, or not made.
It is very interesting to try and accept at least some of your dreams along the way. As soon as that you burn your health, it is too late. Health brings a freedom very few realize, until they no longer have it.
Courage is a strength to fight again to achieve targets…
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