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Sebi fines Reliance Securities of Rs 9 lakh for breach of market norms

Business Standard LogoBusiness Standard6h ago

Sebi fines Reliance Securities of Rs 9 lakh for breach of market norms - Business Standard

Quick Summary:

Sebi has mandated brokers to retain verifiable evidence of client orders to ensure transparency and prevent unauthorised trades.

By indulging in these activities, Reliance Securities contravened NSEL CM regulations, Stock Brokers and NSEL FO norms.

However, the regulator rejected these arguments, stating that brokers are required to maintain compliance at all times, and corrective measures post-inspection do not negate past violations.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 20:45:34 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23948851

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 341 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/sebi-fines-reliance-securities-of-17328949212441

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