SEBI Fines SMC Global Securities Rs 1 Lakh, Finds Lapses In Client Order Records And Authorised Person Supervision
New Delhi: The Securities and Exchange Board of India has imposed a Rs 1 lakh penalty on SMC Global Securities for lapses in maintaining client order records and supervising an authorised person. The action followed a thematic inspection covering January to September 2024. SEBI examined complaints relating to unauthorised trading and the broker’s procedures for recording client orders. SEBI Flags…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
