Indian regulator comes under savage attack

SEBI is under attack by First Global. Where does this leave CSFB?

You may or may not be aware that CSFB is still unable to trade in India.

CSFB was the most high profile of those accused of 'bear hammering' the Indian stock market in March in what became known as the Indian Scam. It has stayed in limbo for eight months, waiting for a Special Enquiry Officer to give its verdict on the findings of local securities regulator, SEBI.

And while CSFB retains 35 staff in India doing nothing, there is still no indication when the verdict will be given and whether it will be banned for good.

As an international powerhouse, CSFB is the most high profile of those accused by SEBI....

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