# Short seller vs. Regulator #Omnivore ## Colophon title:: Short seller vs. Regulator type:: [[clipped-note]] tags:: [[&omnivore]] 98._-GA-GSA 12._People Newsletter 06._India_-_1 06._India_-_1 url:: https://omnivore.app/no_url?q=254a14d3-f38b-4d19-a722-c12dd6f20cf1 archive:: https://omnivore.app/me/short-seller-vs-regulator-1915514d3a7 date:: [[2024-08-15]] ## Highlights tags:: > <mark class="omni omni-yellow">Newspaper op-eds and opposition parties remain [unconvinced](https://links.message.bloomberg.com/a/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQXzsKW6UR9OPi9DmoImtEGh2HHX-DT1h1a-8MIIh4tq5hNICx1VYN-YRTHy7UkZRCTvR96eb8HT1sSDyxRqz1I63XlcUappamlzQYgLbqCvxE3pQwQORgcRobMZ6RpISC%5FZBkfNeYwfJ8wq17znqTKuWzbOQWeW8WAXNQZ7GHQR%5FQha53NxzhwOsdgSaubVh3r7sEQznkphAyeiCLw1hd05UdrcEukxGbmF%5FpYRLUHOxRToSnRBueHxtwnNygniHdYlqXumFPT7vt91U1Lcatnskuto0h9ZyuFoDzQaixMUgeOvLvemBx5TpelxTMnX-aw1O-%5FL1EnDcsaWkBOFi3bmHah0kY5q8Xgaf6fcjDYlFovafUeeLUVfR%5F-3Y22hVw%5FMOEe3mGBpgHDEcLLUypprXpr9Mv630PTBc0AFj8stLjfKLoiFWe%5FEGRc9cg16EpUh0-cOigkWLxP-KR7lCryaY%3D), demanding she resign or at least step aside until an independent investigation is done. The integrity of the market regulator is at risk, [they argue](https://links.message.bloomberg.com/u/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQX%5FqnFF7SQ0RpV3zuyXr7FINZwnp0rL%5Fy2K5XZSP8S8gFppdmyeY39UizCknDMAeg3RWV1gsAiebbqTrmLx7911O3Q03SiD40weewDwVxENOpvEiQVm3H9uzrecXH-SqqK6k7sIJboGKXR9pixl1zv4OA8EnSw6bfKN4jjMBqU-PLj2uHGy8xb2kbQsAQEJIA9vp2Tlj7ZR2SH2zbh-qZqJ88bd%5F5dFHFtNeJd5E%5Fvi-%5F0u9zWvJMZDaDJyR43c9ao0JSmN7J1GpsN5dUoqrfeRRYJr0Uf01IkmsaQIYCO0DzVD0Ducb9C-uO1SSLkJwkAg%3D%3D). </mark> <mark class="omni omni-yellow">Some commentators have revived a long-pending suggestion that India's regulators be subject to more [frequent parliamentary scrutiny](https://links.message.bloomberg.com/u/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQX5zqefAQ%5FQcXqY6QnmAAeBFcSbDhfWMDWhWtGaIX3JT5kSrVH2kSnFfrE3bdxKNvA18Ca5U-wfMAZVpZ%5FiCVyX5n9TvtsF4ujfneOOiUNTecOM0ORwcxCy7%5F8L3orGp2P%5FBO-MtEEYL2NpzXj6IxRXPCmVp6GbYzgi%5FyxPpKKmyakezDQDjwqhwTMn9u-6UCbxDwpcVphV1gf9VMM9kMRF1p0Px3nfY4xS2xzNWdhhbHCFR4QV2C2FBRsMTVInyvyWIdkXNUsobfj3L92iHHCOY%3D), like how the US SEC chair testifies at congressional hearings.</mark> <mark class="omni omni-yellow">There's also a demand for “public” disclosures of personal assets, which [UK regulators](https://links.message.bloomberg.com/u/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQX52Lz%5FeWnTe62vLx5DN6y40ysA-v32whahilGx1IqcfJmho5IpxG9QP7m4Ya5MX85sEj3zM8EpxikNgc%5FY1RN6331cj4Bf7oO0eYZ2fuubQApb1QHyuicqL7erJ56cDz4GgzWTBxgK7OFS57ShzwMZ%5FL832Gz4NDzBW7KhsiVOojW5%5FDiZuJolFEYM3ARpri2%5Fb142NiDleJ4kxEOnRQ93FExtC6OgZAsP5BEragKd-I7Uav3cRoSlcV4IVDXo5D4%5FPIch50iocikboV0stQQgw%3D) make. The UK’s Financial Reporting Council even has a [gifts and hospitality register](https://links.message.bloomberg.com/u/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQX5kwsWTXBLndTwd0pW6if4ZfLIf3%5FVS35yd8gUDfJ-bFT96VAnHXhulVBESF9HkY1on6w5ZvZtxLF%5FSn8vYimiLCVNa1-olSrbBaJU0t8nWsAZYfQuL-6mOJqCWis5NMNqZkLmTwVeURB14xFU4uIbrXlvlVGKjkGI7uLJCyztiUD68fkDm06JsDXlpXhEt9T%5FLAs43Ug%5F5CqrMVpAKxAyNMe56ovWIBUin%5F0t5AuHnWQNvTMoclUhOZ5pKHZW1nz7L%5FhWK3O3Ijflykgi9Zlm0%3D) that lists the approximate value of dinner and drinks their officials may have consumed at industry events. Imagine that in India.</mark> [⤴️](https://omnivore.app/me/short-seller-vs-regulator-1915514d3a7#0a22e418-a6b4-434a-8eb6-4fee9a90181b) ^0a22e418 tags:: > <mark class="omni omni-yellow">Unless circumscribed, onerous disclosure and recusal thresholds could deter private professionals from taking on public roles. In that case, only bureaucrats would qualify. India needs a realistic institutional mechanism for transparency and disclosure across public officials.</mark> [⤴️](https://omnivore.app/me/short-seller-vs-regulator-1915514d3a7#13b4fe49-e976-416e-a2c2-8883539d73e4) ^13b4fe49 tags:: > <mark class="omni omni-yellow">Adani short has barely [yielded a return](https://links.message.bloomberg.com/a/click?%5Ft=f574328d4d0c4c359b90d8e49b10e21d&%5Fm=d68c470a8a954f5bb437c3476246bd6d&%5Fe=TZycWJNbiNTPbQLiyocQXzsKW6UR9OPi9DmoImtEGh2HHX-DT1h1a-8MIIh4tq5hFnM%5FWH6awn-KF1d0xsj754CS-345QF1-x4zuSrEDDZIJrj59-eHbM8zmqb-C9Bh4F14L9Q2OhHclpbXfPpCVW1pkCPqEWItA-Trym7rukwbicV-uorytD3PbJJZNIrd5wb7DYsDDgniWaV6RdSEeWN4W8cYf%5Fi%5FBM%5F5uTtCoUPt-rYkym%5FrANbY8wBfGpAiwy4RFz8vJCi9AuRnFWR7oSkUugvbjgJDO9r0r4EJ%5FLmxL7cOUB3yUr4osLQF0jhOcgP13V63qTsUky6itBinWTtSt6%5Fq0LvcmN4XSIsFjOI3GxI0iIG%5FnMzw5PKAbhG87rYunaKvjpBmu1FI1QF003k3ZYAyqK9z9NoGeZUCho6DFgQ5evdkYGRXngCaVEuw8ESnNp3s4QGRhycDWSYkUZV3mdTzzMiCurIDMci%5FZZpc%3D).</mark> [⤴️](https://omnivore.app/me/short-seller-vs-regulator-1915514d3a7#a1f11626-f291-4e94-8c27-b4bd8d6329df) ^a1f11626 As per the link, it made 4M USD only. [Read on Omnivore](https://omnivore.app/me/short-seller-vs-regulator-1915514d3a7) [Read Original](https://omnivore.app/no_url?q=254a14d3-f38b-4d19-a722-c12dd6f20cf1)