Sebi penalises SMC Global Securities for compliance lapses
Sebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order-placement records uncovered during an inspection. This examination, covering the period from January to September 2024, highlighted issues tied to unauthorized trading and the oversight of authorized representative Amit Lilhare's client transactions. SMC Global...
Key Takeaways
- Sebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order-placement records uncovered during an inspection.
- This examination, covering the period from January to September 2024, highlighted issues tied to unauthorized trading and the oversight of authorized representative Amit Lilhare's client transactions.
- SMC Global Securities operates under Sebi’s regulations and engages with various stock exchanges across India.
Sebi has levied a penalty of Rs 1 lakh on SMC Global Securities due to regulatory infractions, particularly the mishandling of client order-placement records uncovered during an inspection. This examination, covering the period from January to September 2024, highlighted issues tied to unauthorized trading and the oversight of authorized representative Amit Lilhare's client transactions. SMC Global Securities operates under Sebi’s regulations and engages with various stock exchanges across India.
Original Publisher Attribution
This summary was curated from Economic Times.