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STOCK BROKER PENALTIES
Sebi penalises SMC Global Securities for compliance lapsesSebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order...- Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun BeveragesOn September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracte...
- Motilal Oswal AMC CEO Prateek Agrawal explains why he is avoiding large banks, IT and FMCG stocksMotilal Oswal AMC is favouring high-growth themes including defence, renewables, hospitals, digital businesses and capital markets, while l...
- NSE’s mega IPO moves closer as SC approves Sebi settlementIn a pivotal decision, the Supreme Court has validated the National Stock Exchange’s settlement concerning the co-location and dark fibre m...
- Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...
- Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full storyFCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging st...
- Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...
- Sebi revises penalty norms for stock brokers to remove ‘stigma’Stock market regulator Sebi has streamlined penalty rules for brokers, introducing a single penalty per violation across exchanges. The num...
- Sebi rationalises penalty framework for stockbrokers, removes 40 violations, reclassifies 105 as ‘financial disincentives’Market regulator Securities and Exchange Board of India (Sebi) has streamlined the penalty framework for stockbrokers, removing 40 violatio...
- Sebi imposes Rs 9 lakh penalty on stock broker whose 1,103 clients were 'dependent children' aged between 34 & 100 yearsSEBI penalized Stockholding Services Limited Rs 9 lakh for irregularities in client relationship data. Over 1,100 accounts had listed "depe...
- Sebi levies Rs 10 lakh fine on Anand Rathi for violating stock brokers rulesBased on the findings of the inspection, the regulator found certain alleged non-compliances of Stock Brokers regulations and circulars iss...
- Sebi slaps Rs 4 lakh fine on Sharekhan for violation of stock brokers' normsSebi's investigation revealed that Sharekhan's Authorised Persons (APs) conducted trades from unregistered locations. Furthermore, in one c...
- Refund penalty levied on clients for margin shortfall, brokers toldThe margin requirement was increased to 75% of the peak margin, and from September 1, 2021, it was 100%. Stock brokers now have to pay pena...
- Anmi calls for withdrawal of penalty for incorrect client statement submissionAs per the new penalty structure by NSE, a penalty of Rs 1 lakh will be levied in case of procedurally incorrect submission of client level...
- Sebi cancels registration of Kolar Sharex, Rajkumar C. Basantani as stock brokersIn a separate order, Sebi said it has also cancelled the registration certificate of Rajkumar C. Basantani as stock broker, who, apart from...
- Sebi relaxes upfront margin frameworkThe decision has been taken after receiving representations from investors, trading members (TMs) or clearing members (CMs) and stock broke...
- SAT reduces penalties on JV Stock Broking, SPFL SecuritiesWhile JV Stock Broking is a trader, SPFL Securities is a broker, according to the order of the tribunal.
- Sebi slaps Rs 10 lakh fine on Choice Broking for misusing clients' fundThe Securities and Exchange Board of India (Sebi) carried out an inspection of broking operations of Choice Equity from April 2015 to Septe...
- Sebi imposes Rs 22 lakh fine on SPJ Stock BrokersSebi investigated alleged irregularity in the share trading of SKS Logistics for the period from June 1 to October 29, 2004.
- ET in the Classroom - Decoding client code modification normsClient code identifies a client trading in the cash or derivatives segment of a stock or commodity exchange.
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