Thursday, July 1, 2021

Franklin fund executive Vivek Kudva says India regulator exceeded authority in banning him

Franklin fund executive Vivek Kudva says India regulator exceeded authority in banning him Vivek Kudva, head of Asia Pacific distribution at FT, was barred last month by the Securities and Exchange Board of India (SEBI), which said he and his family members used non-public information to sell holdings worth about $4 million in Franklin debt funds that were shut down weeks later and caused investor panic.

from Moneycontrol Business News https://ift.tt/3ycL1Yc

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S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky

Artificial intelligence deals propelled the S&P 500 and Nasdaq higher on Monday, with Amazon's $38 billion agreement with OpenAI and...