Affiliation:
1. Capital Market Consultants, India
Abstract
In recent times there has been a significant development in financial markets that include global integration, internet-based trading, and financial innovation to name a few. Now financial markets are more sophisticated, diversified, and internationalized than ever. During the last decade, as a result of the Enron and WorldCom scandals, numerous legislations, amendments, and restructuring policies are introduced across the world. This chapter mainly covers various aspects of capital market frauds, manipulation practices, and country case studies from global financial markets. The chapter also highlights international regulatory frameworks, guidelines, and challenges being faced by the regulatory authorities. Fraud detection mechanisms and opportunities for the future are also discussed.
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