SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
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ADVISORY - Reuters suspends coverage of cricket in Australia
Reuters will be unable to provide text, pictures or audio-visual coverage of Australian cricket for the duration of the 2009/10 season.
This decision follows notification from Cricket Australia that they do not intend to change terms and conditions for accreditation which resulted in a suspension of coverage by Reuters and other international agencies last season.
Reuters cannot agree to terms which impinge on its ability to fairly and freely report on and disseminate, news.
We believe that Cricket Australia's decision does not serve the best interests of the global cricket fan base and contradicts the findings of the Australian Senate inquiry into the reporting of sport in the digital age earlier this year, which broadly agreed that the freedom of the news media to report on sport across all platforms, should be respected.
Reuters holds firmly to the belief that there can be no better promotion for any sport than the availability of timely, unbiased information to as many newspapers, websites, broadcasters and magazines as possible.
We would welcome any move by Cricket Australia to review this decision.
For further details contact Courtney Dolan on +1646 223 8406.
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