complaint against circular trading

[raju22101972]

To: Respected Chairman of SEBI

Sir, this is to bring to your kind notice that there are so many scrips in the BSE and NSE which are being traded circularly and the price rigging is done by this circular trading. There are no such fundamentals of the company still the price moves by 5% everyday. We put our hard earn money in fundamentally good stocks which have good results and are growing companies still for some reasons make be because of market situation they do not move so fast but these circularly traded companies like Kwality diary Ltd in the past and now on Expo Gas Containers keep moving up everyday by 5% and i have heard that some Price rigging is going on and there are people who are doing circular trading among themselves and they are going to move the price to 200 from the current price of 11/- . It has already doubled from 6/- in last one month.

So is there any security check on these companies. Is the SEBI not concerned about us who are small investers and get caught in these sometimes, we get trapped and the persons responsible for circular trading make 500% + profit in no time and get out.

So please watch out for these and take some strict and stringent action against this.

Hoping to get a proper action against this

Thanks and best regards

 

[PartTime_Trader]

You may want to use this ...

http://scores.gov.in/


Cheers

 

[prakash2010]

To: Respected Chairman of SEBI

Sir, this is to bring to your kind notice that there are so many scrips in the BSE and NSE which are being traded circularly and the price rigging is done by this circular trading. There are no such fundamentals of the company still the price moves by 5% everyday. We put our hard earn money in fundamentally good stocks which have good results and are growing companies still for some reasons make be because of market situation they do not move so fast but these circularly traded companies like Kwality diary Ltd in the past and now on Expo Gas Containers keep moving up everyday by 5% and i have heard that some Price rigging is going on and there are people who are doing circular trading among themselves and they are going to move the price to 200 from the current price of 11/- . It has already doubled from 6/- in last one month.

So is there any security check on these companies. Is the SEBI not concerned about us who are small investers and get caught in these sometimes, we get trapped and the persons responsible for circular trading make 500% + profit in no time and get out.

So please watch out for these and take some strict and stringent action against this.

Hoping to get a proper action against this

Thanks and best regards

If you have proper info, send a fax to sebi and report it to 'Times of india'.

Our finance minister and Nse were full time working for the welfare of Fii's not for the innocent retail investors.