Sebi cancels registration of 4 stock brokers including GACM Technologies

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Sebi cancels registration of 4 stock brokers including GACM Technologies - Business Standard

Quick Summary:

Markets regulator Sebi on Wednesday cancelled the registration of four stock brokers -- Single Window Securities, Sunness Capital India, GACM Technologies and Infotech Portfolio -- after they failed to meet the registration requirements.

The main reason for cancelling the registration certificate of these entities is to prevent them from misusing their Sebi registration without being a member of a recognised stock exchange, on unaware investors, the regulator said in four separate orders.

In its orders, Sebi said that four stock brokers were granted registrations subject to certain conditions, including the condition that they continue to be members of a recognised stock exchange.