What many investors and a few journalists suspected about delayed corporate disclosures by stock exchanges is now public record. The Securities and Exchange Board of India has confirmed that BSE Ltd failed to ensure “unrestricted, transparent and fair access to information” intended for public access at the same time to all without exception or exclusion.In an order dated June 25, the SEBI roared like a lion in documenting BSE's systematic violations, but ultimately purred, even going so far as to “humbly submit” its own enforcement approach.
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