Blind trust in exchanges tested. (Photographer: Michael Nagle/Bloomberg)
An options dispute sent back to the market regulator by an appellate tribunal may have a bearing on how foreign investors view India’s securities trade settlement record.This month, the Securities and Exchange Board of India is scheduled to pass its order on the call options sold by stockbroker Allied Financial Services Ltd. The dispute stems from illegal use of mutual fund units as a collateral, and the regulator will rule if such c...