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SEBI fines broker having 1,103 'dependent kids' aged 34-100 as clients
short by Bhawana Chaudhary / on Wednesday, 8 January, 2025
SEBI has imposed a ₹9-lakh fine on stock broker Stockholding Services for violating various regulations and having 1,103 clients listed as 'dependent children' aged between 34 and 100. The violations included uploading mismatched and invalid contact details and bank details of clients to exchanges. Stockholding Services told SEBI that violations largely stem from clients having lack of clarity.
read more at Moneycontrol