Sebi Offers Settlement Scheme for Brokers Who Associated with Unregulated Algo Platforms

Sebi offers settlement scheme for brokers who associated with unregulated algo platforms

As the violations were more of an industry-wide practice than a major infraction, Sebi is likely to notify a lower settlement amount possibly of Rs 1 lakh for each case under the scheme.

SEBI Launches Settlement Scheme For Brokers Linked To Algo Platforms

Market regulator Securities and Exchange Board of India has given a sigh of relief to brokers who were undergoing regulatory action for being associated with algo trading platforms by announcing a settlement scheme for them.NDTV Profit had reported on Nov 9, 2024, that several brokers are likely to settle and take advantage to such a scheme.The scheme is going to apply to brokers dealing with proceedings before the regulator and the Securities A…