04 Feb

Three arrested as UP ATS busts ‘online trading scam’ worth Rs. 3,700 crore

Three arrested as UP ATS busts ‘online trading scam’ worth Rs. 3,700 crore
The task force has arrested three persons so far and sealed the bank accounts of the company. Special Task Force SSP Amit Pathak said the Noida-based company’s Director Anubhav Mittal, COO Sridhar Prasad and technical head Mahesh Dayal were arrested and an …
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New Kerala


Supreme Court sets tough insider trading rule
WASHINGTON — The Supreme Court sought to crack down on insider trading Tuesday, ruling unanimously that tips passed between relatives and friends are illegal even if the corporate insider receives no financial benefit. The decision marked the first time …
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USA Today


NYSE resumes floor trading after more than 3-hour halt
Trading stopped around 11:30 a.m. ET due to what the exchange called an “internal technical issue.” The NYSE said it did not suspect a cyberattack. “I can’t say with precision exactly what drove it,” NYSE President Thomas Farley told CNBC. “We found what …
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CNBC


Deutsche Bank To Slash Jobs Across Equity, Fixed Income Trading
Having seemingly survived their existential crisis last year, it appears the world’s most systemically dangerous bank remains under pressure. Just a day after missing analysts’ earnings expectations, Deutsche Bank is set to announce major job cuts …
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