Compliance
Credit Suisse Gets into Trouble in India for Past Omissions
The Securities Exchange Board of India has suspended Credit Suisse’s Indian operations for a month. The SEBI said that Credit Suisse was...
The Securities Exchange Board of India has suspended Credit Suisse’s Indian operations for a month.
The SEBI said that Credit Suisse was suspended for “omission to observe the code of conduct” relating to trades conducted more than six years ago.
Credit Suisse First Boston India Securities was suspended in India for regulatory issues for a period of two years in April 2001. In an investigation at the time, a number of stocks were identified as exhibiting trading irregularities in the 1999-2000 time period.
The SEBI order was passed on August 10, 2006 and will come into force 21 days from the date of the order.
