Sebi slaps fine of Rs 10 lakh on Anand Rathi for flouting market norms
Capital markets regulator Sebi on Friday levied a fine of Rs 10 lakh on Anand Rathi Share and Stock Brokers for multiple violations of regulatory norms.
Capital markets regulator Sebi on Friday levied a fine of Rs 10 lakh on Anand Rathi Share and Stock Brokers for multiple violations of regulatory norms.
The order came after the regulator conducted a thematic inspection of Anand Rathi Share and Stock Brokers to look into the status of compliance with Sebi's Cyber Security framework. The inspection was conducted for the period from April 2023 to August 2024.
The market watchdog observed several lapses during the inspection of the broker's systems and processes.
