Are regulators in India today focusing on the job that they were supposed to do all along – regulating? Or have they, in the flow of industrialization and ‘development’, become collaborators with the very entities they were supposed to regulate? B&E brings an analysis of the current state of affairs and reality within and without these regulators!
Harry Markopolos is his name. This former US Army Major, working for a US investment firm, was deputed by his company in the year 2000 to analyse the numbingly outstanding market strategies and returns of a leading competing investment manager. Harry considered himself a master of data analytics, one who could outlearn any financial wizardry that markets were implementing. Yet, however hard he tried – and he tried too hard – he just couldn’t replicate the returns being generated by this competitor. All roads of Harry’s analysis strangely led to only one conclusion – the man, a legend in the industry, was committing a fraud of historic proportions. Harry subsequently contacted the Securities Exchange Commission (SEC), the US Attorney General Eliot Spitzer, other regulatory bodies, even Wall Street Journal – none gave a credible response, leave alone action. Harry didn’t give up, realizing that almost all the regulatory bodies and individuals were somehow directly or indirectly in collusion with the competitor in question. Harry Markopolos’ 21-page submission to SEC, titled “The World’s Largest Hedge Fund is a Fraud,” changed the financial world in a way no one perhaps had ever done before. On December 11, 2008, Bernard L. Madoff – legendary investment adviser and stock broker – was arrested by the SEC for the world’s largest financial fraud ever, a $65 billion Ponzi scheme.
Read more.....
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
Harry Markopolos is his name. This former US Army Major, working for a US investment firm, was deputed by his company in the year 2000 to analyse the numbingly outstanding market strategies and returns of a leading competing investment manager. Harry considered himself a master of data analytics, one who could outlearn any financial wizardry that markets were implementing. Yet, however hard he tried – and he tried too hard – he just couldn’t replicate the returns being generated by this competitor. All roads of Harry’s analysis strangely led to only one conclusion – the man, a legend in the industry, was committing a fraud of historic proportions. Harry subsequently contacted the Securities Exchange Commission (SEC), the US Attorney General Eliot Spitzer, other regulatory bodies, even Wall Street Journal – none gave a credible response, leave alone action. Harry didn’t give up, realizing that almost all the regulatory bodies and individuals were somehow directly or indirectly in collusion with the competitor in question. Harry Markopolos’ 21-page submission to SEC, titled “The World’s Largest Hedge Fund is a Fraud,” changed the financial world in a way no one perhaps had ever done before. On December 11, 2008, Bernard L. Madoff – legendary investment adviser and stock broker – was arrested by the SEC for the world’s largest financial fraud ever, a $65 billion Ponzi scheme.
Read more.....
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
