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Old 18th June 2010, 12:59 PM
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From the Economic Times

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SEBI has banned an equities dealer of HDFC Asset Management from stock market transactions for allegedly leaking information of its trades to three market participants in advance.
This SEBI circular details the instances when the said transactions were done. It also has a portion of the transcript of the telephonic conversation, between two of the accused.

If they are indicted in a court of enquiry, then maybe we can add their names in the list of hazardous stakeholders
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Old 18th June 2010, 01:09 PM
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One part of the SEBI statement requires the AMC to deposit Rs. 2.38 crores (estimated losses) with the trustees of HDFC Mutual Fund, and this amount is to be held segregated until further orders.

I have some units of HDFC Tax Saver. I dream of a special dividend .
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Old 18th June 2010, 04:00 PM
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Quote:
Originally Posted by solar View Post
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If they are indicted in a court of enquiry, then maybe we can add their names in the list of hazardous stakeholders
Let us see whether HDFC MF comes out with a statement. I think it would be in their own interest to wrap this up as quickly and transparently as possible. Of course, the dealer and his associates may go down the road of false evidence, digital altering etc.
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