JP Morgan Chase Bank has agreed to pay 34 lakh rupees to Sebi following violations related to foreign portfolio investor laws. Their missteps include issuing FPI licenses to firms lacking proper UK registration and not accurately verifying the status of certain entities. Compounding these issues were significant delays in merger reporting, which further illuminated the compliance shortcomings.
7 investing lessons from Jim Leitner for building the right market mindset
Leitner believes investors should remain open to new ideas and recognise that markets can challenge even experienced participants.