Bear 🐻 attacks USA market

- Whistleblower documents show SEBI Chairperson Madhabi Buch and her husband had stakes in offshore funds used in the Adani money siphoning scandal. - SEBI has shown a surprising lack of interest in Adani’s alleged undisclosed web of Mauritius and offshore shell entities despite overwhelming evidence. - SEBI sent a 'show cause' notice to the whistleblowers, questioning the disclosure around their short position rather than addressing the allegations against Adani. - Madhabi Buch and her husband moved their assets out of her name ahead of her politically sensitive appointment as SEBI Chairperson. - SEBI has taken no action against other suspect Adani shareholders operated by India Infoline, raising questions about the regulator's objectivity. Source: [https://hindenburgresearch.com/sebi-chairperson/](https://hindenburgresearch.com/sebi-chairperson/)

- Hindenburg Research has responded to SEBI chief Madhabi Puri Buch's weekend statement accusing the short-seller of character assassination. - The short-seller's post on X claims Buch's response raises new critical questions and includes important admissions. - Hindenburg's report alleges the Buchs had stakes in offshore funds used by Vinod Adani to trade large positions in Adani Group shares. - The Buchs dismissed the allegations as baseless, accusing Hindenburg of character assassination in response to SEBI's enforcement action. - Hindenburg's response questions Buch's commitment to transparency and calls for a public investigation into the issues raised. Source: [Economic Times](https://economictimes.indiatimes.com/news/india/hindenburg-says-sebi-chief-madhabi-puri-buchs-response-to-its-allegations-raises-numerous-new-critical-questions/articleshow/112453325.cms)

Sebi chairman gives warning to MF investors, kare to kare kya, jaye toh jaye kha?

SEBI chief not supposed to have alternative source of income/fees. Direct violation. Resignation imminent to save face.

What do we make of these allegations? Does it result in a turmoil in the market in the coming week? How does opposition play and make it another witch-hunt

- SEBI has flagged 8,890 instances of unlawful or misleading content on social media, notifying platforms like Facebook, Instagram, Telegram, and YouTube to take legal action. - The regulator's crackdown aims to curb the spread of false stock market advice by unregistered financial influencers, or finfluencers, who often promise guaranteed returns and use technical jargon to mislead investors. - SEBI's new regulatory framework prohibits registered entities from collaborating with unregistered financial promoters on social media, including any form of monetary transactions or client referrals. - The Investment Advisors Administration and Supervisory Body (IAASB) now monitors social media activity of investment advisors, who must disclose their social media presence twice a year. - Influencers involved in 'pump and dump' schemes, like P R Sundar and Syyed Shujauddin, have faced bans and heavy fines for unauthorized financial advice. Source: Moneycontrol