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SEBI Imposes Rs 7 Lakh Fine On Reliance Securities For Rule Violations

  • SEBI fined Reliance Securities Rs 7 lakh for not following stockbroker rules.
  • SEBI inspected Reliance Securities and found that the company provided wrong details in daily margin statements and reported incorrect ledger balances.
  • Reliance Securities failed to meet risk-based supervision guidelines and improperly passed upfront margin penalties to some clients.
  • SEBI imposed a fine of Rs 7 lakh on Reliance Securities for violating stock broking norms.

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