Rx 5700xt or Rx 6600?
2025.01.19 10:30 VibingPugo Rx 5700xt or Rx 6600?
I don’t know much about video cards. But I wanted to upgrade my gtx 1060 3gb. And found these video cards that are with in my budget. I overall just want the card that performs better.
Which should I get?
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2025.01.19 10:30 Federal_Ad_6925 JoongDunk merch compilation from Naiin Bookfair 2025
 | Poor Jaidee without hands 🥺 submitted by Federal_Ad_6925 to JoongDunk [link] [comments] |
2025.01.19 10:30 tareekpetareek Ketan Parekh was caught in a fraud by SEBI again. Here's a fun read
Original Source: https://boringmoney.in/p/ketan-parekhs-buddies-were-front [my newsletter Boring Money, if you like what you read do visit the original link to subscribe and receive future posts directly in your inbox]
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If you’re a large fund managing billions of dollars and looking to buy a stock, you would typically call one of two people:
- Your favourite stockbroker.
- Your favourite investment banker.
What if you mixed things up? If you went to your broker to buy a stock that was less liquid and to your investment banker for a stock that was more liquid? [1] That would not make sense. If you placed a large order for a stock without enough sellers, the price of the stock would shoot up. You might not get the stock at the price that you want. And if the stock happens to be liquid, why would you want to pay a middleman fee to an investment banker in the first place? [2]
Here’s a SEBI order from earlier in the month about how Capital Group, a large American $2.7 trillion fund manager, was defrauded. The order doesn’t actually name Capital Group—it’s supposed to be the victim, after all—but the entire reason Capital could be defrauded was that the company, instead of calling up its stockbroker, called up its investment banker. Wait, scratch that. Capital didn’t even call up an actual investment banker, it called up some random guy named Rohit Salgaocar with a no-name financial services firm in Singapore.
A $2.7 trillion fund manager took its trades to a random guy and those trades ended up being front-run. The random guy and his accomplices made at least ₹65 crore ($7.5 million) in the process. Fun!
Passing the information When Capital Group’s traders wanted to buy a stock, they went to Rohit Salgaocar. Salgaocar didn’t work at an investment bank, he just had his own firm registered in Singapore called Strait Crossing, which doesn’t even have a website. Salgaocar’s apparent job was to arrange for sellers for whatever stock Capital wanted to buy.
When Capital’s traders told him about the stock they wanted to buy, Salgaocar passed it on to Ketan Parekh, a financial fraudster with a well-known history. Here’s Salgaocar’s statement to SEBI:
Salgaocar told SEBI that his job was to look for sellers for Capital Group (the Big Client). And yet, he almost always took the the trades to Ketan Parekh. Did it worry him that Parekh had a history of financial fraud?
Oh well, low bar.
Once Ketan Parekh got his information, he activated a network of brokers and traders (at least 16 of them) who did exactly what Parekh asked them to do. Here’s an example. On September 19, 2022 at 9:59 am, Capital’s traders messaged Salgaocar telling him that they were in the market to buy HDFC stock. Within 4 minutes, Parekh told his buddies that they should start buying HDFC shares. By 10:33 am, they confirmed that they bought 100,000 HDFC shares at ₹2,433.32 each.
Next, and I don’t know what calculation they ran through their heads, but Salgaocar got back to Capital’s traders and offered HDFC’s shares at ₹2,446 per share, that’s ₹12.68 more than their buying price. Capital wanted 250,000 shares and placed its huge orders for HDFC, and Parekh and buddies sold their shares to Capital. They made ₹12.6 lakh ($14, 700) on this trade.
Some interesting points! Capital wanted to buy 250,000 shares but Parekh’s group had only bought 100,000. Yet Capital was able to get all the shares it wanted from the market at the price it wanted. Only about 40% of the 250,000 shares it bought came from Parekh. HDFC was a liquid stock! There was no need to whip up sellers to show up, they were always already there! The profit that Parekh made came from the price difference which Capital could have taken directly.
That’s how a bunch of other trades worked as well. In some situations, Capital wanted to sell a particular stock, and Parekh’s buddies shorted that stock instead. Everything put together, SEBI figured that Parekh and buddies made ₹38.7 crore ($4.5 million) by front-running Capital’s trades.
The known unknown Rohit Salgaocar is an interesting guy. There is no mention of his credentials anywhere and no one is sure why or how Capital Group engaged him as a middleman. From SEBI’s order:
Capital’s traders communicated with Salgaocar on Bloomberg Chat and that’s as official as it can get for finance folks. Yet, there was no real agreement between the two. They were passing on valuable information to some guy who didn’t technically owe them a thing.
Salgaocar didn’t have an agreement with Capital Group, but he did have one with two large Indian stockbroking firms—Nuvama (earlier Edelweiss) and Motilal Oswal. Once Salgaocar got Parekh’s go-ahead, he would ask Capital’s traders to place their orders through one of Motilal or Nuvama. The agreement with the two brokers was that 75% of the brokerage they made would be Salgaocar’s fee. A referral fee for bringing in such a large client’s trades to them.
Salgaocar made ₹27.06 crore ($3 million) in the ~2 year period that SEBI investigated. This isn’t money he made shadily via front-running. This is money the brokers gave him because they felt they owed it to him legally! Salgaocar was making legal money but chose to help Ketan Parekh make some illegal money as well?
None of this makes sense! Why did Salgaocar pass on Capital’s trades in spite of making millions anyway? Why did Capital go to the broker Salgaocar liked and not the one that made the most sense for them? Even if Salgaocar was presumably bringing in sellers, and Capital knew that he is getting referral fees from the brokers, couldn’t it just cut the fees and negotiate a lower brokerage instead?
Everyone’s connected Here’s what I wrote last year for another front-running case:
Sometimes life is easy for SEBI, sometimes it isn’t. This particular case needed quite a bit of effort into proving that everyone was connected with one another. In the end SEBI did make a pretty compelling case.
Salgaocar’s involvement in the front-running seems to have been limited to the initial information collection phase. Once he passed on the information to Parekh, SEBI’s job was cut out to show that Parekh and his buddies interacted with each other in ways that would prove that they were trading based on Capital Group’s information
First, SEBI seized everyone’s mobile phones and read all the WhatsApp chats. [3] From those chats, it figured out which were the chats with Parekh. That was quite a task. From the SEBI order:
Parekh had at least 10 different mobile numbers, and those numbers were saved with dummy names on the phones of Parekh’s buddies. The mobile numbers weren’t registered in Parekh’s name, so SEBI had to prove that the numbers indeed were used by Parekh. One way it did that was by getting the location history of the phones from Parekh’s network operators. There were some situations where the phones were showing up together in the same location.
It’s a bit funny where they were spotted—at hotels where the Parekhs were attending weddings. SEBI wrote to each hotel to confirm that Parekh did actually stay there:
The hotel manager would not have expected to receive an email from the securities regulator! All the hotels were more than happy to share exactly when Parekh stayed with them and even his room number.
Parekh attended 4 weddings in 6 months. Being a social butterfly has its downsides.
Pay up This is bound to be the first of at least a couple of SEBI orders about this episode. To start with, SEBI wants to impound the ₹65 crore that Salgaocar, Parekh and the buddies made from the front-running. Salgaocar is a Singapore citizen though and made more than 40% of that money. I’m curious about how that’s going to turn out.
Footnotes
[1] I’m using the weird terms “less liquid” and “more liquid” because technically anything such a large fund buys has to be liquid. It’s not going to be able to buy truly illiquid stocks. So it’s just a matter of how liquid.
[2] There are other services that investment banks can offer. For instance, they can also buy shares on their own balance sheet if the fund’s willing to pay up for that privilege. Or they can help execute block trades at a fixed pre-decided price.
[3] How is it that they haven’t discovered automatically disappearing chats yet? SEBI’s case almost entirely relied on reading chats on WhatsApp.
Original Source: https://boringmoney.in/p/ketan-parekhs-buddies-were-front
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2025.01.19 10:30 Jeffybrawlstars Trading Kitsune, any offers? (Max storage 3)
 | submitted by Jeffybrawlstars to bloxfruits [link] [comments] |
2025.01.19 10:30 Truth_Fuzzy F22 send tributes
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2025.01.19 10:30 Moist-Tangerine Anyone else only back here as a refugee?
This site kinda sucks when you aren't using it for a specific purpose. How tf am i supposed to knlw if youre the asshole without someone playing subway surfers behind your story and i actually gotta read it because you didn't hire an AI voice actor!?
Jokes aside, being back here for just a couple hours as my main source of memes/news reminded me why i left years ago. This website is so toxic, and the hive mind is suffocating.
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2025.01.19 10:30 Affinity_182 Saturn in the eyes of Hubble vs JWST
 | submitted by Affinity_182 to space [link] [comments] |
2025.01.19 10:30 Imabsc0nditus Why do you want to "fix them" and how?
I'm the kind of person who looks at the reasons behind the choices so that when i learn the reason behind them i understand them better so when i see people here saying "I can fix her" I often wonder why should they?
They are bad people and, yes they are attractive. However how will you fix them i want to ask everyone here.
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2025.01.19 10:30 TheRealViking84 Is there a way to change the RaceLogic display in the GT3 / GT2 / Cup cars?
As per title, I can't find the keybind to change the racelogic display in the race cars to show lap time diff instead of lap times. Is that implemented yet?
submitted by TheRealViking84 to assettocorsaevo [link] [comments]
2025.01.19 10:30 manncake Big L for our PNP
 | Napolcom just drop a bomb on 30 PNP personnel involved in 6B shabu bust last 2022 (this bust was allegedly STAGED) The amount of blatant misuse of power, officials disregarding protocols and practically lying at congres hearings. This is indefinitely a big L for our PNP. Its sad news, because I still believe not all PNP personnel are dirty. But this news only stain their reputation significantly. Slow clap for Napolcom and investigation team for not developing a blind eye. This happened 2022 with cctv footage, timelines of persons movement and had multiple hearings. Good start for January Philippines. Inquirer article https://newsinfo.inquirer.net/2025093/court-orders-arrest-of-29-in-staged-antidrug-ops Youtube link of Napolcom presscon https://youtu.be/5Xu_BLN46N4?si=gS5KxXYsIowcB6Om submitted by manncake to Philippines [link] [comments] |
2025.01.19 10:30 yummy-kimchi Is it okay to buy medicine for my pets on orange app?
Just wondering if legit yung mga nakikita ko doon since malaki rin ang difference if here sa local vet ako bibili. If so, may alam ba kayong legit na shop online 😄
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2025.01.19 10:30 AutoNewspaperAdmin [AU] - Morse and Morse and more Morse | Sydney Morning Herald
![[AU] - Morse and Morse and more Morse | Sydney Morning Herald](https://external-preview.redd.it/rxfPyTfODS3NpoC43yiE6EqScFX3H9g9dGCJZm9f230.jpg?width=640&crop=smart&auto=webp&s=8a99e9c383abb84662e04546c3e2809c0f534cdf "[AU] - Morse and Morse and more Morse | Sydney Morning Herald") | submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments] |
2025.01.19 10:30 speakjustly Patience Pays Off: My XRP Journey to Success
After doing my homework and holding XRP patiently, I’ve achieved impressive returns. The right research, strategy, and patience can lead to success in crypto!
https://preview.redd.it/z9y41n58hxde1.png?width=1228&format=png&auto=webp&s=8254c5750a57ff0857fd16e08a962501d9753145
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2025.01.19 10:30 Boundaries1st Astrology Placements & Aspects that are likely to be stalked or attract obsessive people 🩸🕷️
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2025.01.19 10:30 Phinaeus 65 - Shotgun jetpack push on atmo
 | submitted by Phinaeus to ns2 [link] [comments] |
2025.01.19 10:30 AutoNewspaperAdmin [AU] - Morse and Morse and more Morse | Sydney Morning Herald
| | submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments] |
2025.01.19 10:30 mindymint03 like wait a sec.. stop
 | submitted by mindymint03 to SpongebobMemes [link] [comments] |
2025.01.19 10:30 AdviceOld4017 UAP/NHI Acronyms
This acronyms were made to reduce stigma and to start talking about the topic, phenomena or whatever you want to call it in a serious manner. Well, they should start thinking about new terms because this weekend was truly hilarious.
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2025.01.19 10:30 Mundane_Campaign8953 Uworld step 2
UWorld step 2 Expires on 17th March 2025 UWSA3 available Reset option available
Inbox for inquiry
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2025.01.19 10:30 smiling_cactus Amazon UK Prismatic Evolutions
Pokémon TCG: Scarlet & Violet—Prismatic Evolutions Elite Trainer Box (1 Full Art Promo Card, 9 Boosters & Premium Accessories) £44.99 + £12.38 delivery comes out to about 200 AUD for 2 ETBs *Usually dispatched within 1 to 2 months* Available at https://www.amazon.co.uk/Pok%C3%A9mon-TCG-Violet-Prismatic-Evolutions-Accessories/dp/B0DLPL7LC5?ref_=ast_sto_dp
Pokémon TCG: Scarlet & Violet—Prismatic Evolutions Poster Collection (3 booster packs & 3 Foil Promo Cards) - £14.99
https://www.amazon.co.uk/Pok%C3%A9mon-TCG-Violet-Prismatic-Evolutions-Collection/dp/B0DLPJPZD8?ref_=ast_sto_dp
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2025.01.19 10:30 browney_87 Conservative price for the rest of the bull run? Will it tank when BTC DOES
Just put 8k in MSTR
trying to work out if I will earn more in here or splitting it up over coins like ADA etc that will 3/5 x by end of the year.
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2025.01.19 10:30 Arlorel I love where I am right now. I’m hesitant to improve my life because I fear ending up with something different from what I currently have. I feel that making improvements might propel me into an entirely different reality.
How do you deal with this? For the first time, I feel like I’m in a place of real security, and it already feels amazing. But when I objectively look at my situation, I realize that many people might not see it as a great place to be. I know I have the potential to go beyond this and reach a place of extreme privilege and comfort. At the same time, part of me wonders if wanting more is just a sign of never being satisfied, and I’m hesitant to fall into that rabbit hole where nothing ever feels like enough. I guess it all comes down to how I approach and think about improvements. How do you balance feeling like everything is enough while still striving to go beyond?
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2025.01.19 10:30 Gosofia2 BUBU >w<
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2025.01.19 10:30 Quidretour "Zigzag" GFX100s, Pentax 645 FA 75mm f2.8, Fotodiox tilt-shift adapter
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2025.01.19 10:30 DietCoke_Fan Where will I find the best chicken/mutton rolls in Kolkata?
Tomar favourite roll place er byepar eh bolo amake.
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