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[hfe_template id='11223'] [ad_1] NRI investor Rajiv Jain-led GQG Partners, which is listed on Australia's ASX, rebounded strongly on Friday, jumping as much as 15.5% to an intraday high of AUD 2.46. This recovery comes a day after the stock fell 19.3% following bribery charges filed in the U.S. against Gautam Adani and other Adani Group executives. On Thursday, US prosecutors and the SEC charged Gautam Adani, his nephew Sagar Adani, and others with securities fraud and conspiracy related to their renewable energy business. The charges sparked a sharp sell-off in Adani Group stocks, with 11 companies losing up to 23% of their value. Adani Enterprises plunged 23%, Adani Energy Solutions fell 20%, and Adani Green Energy dropped 19%. Other group stocks recorded declines ranging from 7% to 14%. "Jain’s GQG Partners, a significant investor in Adani Group stocks, issued a statement acknowledging the charges and stated that it is reviewing the developments. 'We are ...

[hfe_template id='11223'] [ad_1] US-based NRI investor Rajiv Jain-led GQG Partners, best known in India for investing in Adani stocks, has been charged by the US Securities and Exchange Commission (SEC) for allegedly violating whistleblower protection rules. The boutique investment firm has agreed to settle charges by paying a $500,000 penalty. "The SEC’s order finds that GQG violated whistleblower protection Rule 21F-17(a), which prohibits any action to impede an individual from communicating directly with the SEC staff about a possible securities law violation," SEC said. Without admitting or denying the SEC’s findings, GQG agreed to be censured, to cease and desist from violating the whistleblower protection rule, and to pay a $500,000 civil penalty, it said in a release. The regulator has charged GQG for entering into agreements with candidates for employment and a former employee that made it more difficult for them to report potential securities law viola...