Soc Gen Suspended From Trading In India
Tuesday, January 19th, 2010
Indian authorities had enough. Now they are closing down another international foreign brokerage, Société Générale, from trading and operation in India. The reason being problems following the international laws that compel companies to provide complete information about overseas clients.
Soc Gen suspended from Indian financial markets
It was a clear decision from The Securities & Exchange Board of India (SEBI), regulator of the derivate och stock market in the country. If foreign brokerages should operate in India they better follow the rules, was the message from Indian authorities. (more…)
