SEBI penalizes IIFL securities and 5 paisa capital for misreporting client data
The Securities and Exchange Board of India (SEBI) has fined IIFL Securities Rs 3 lakh and 5 Paisa Capital Rs 2 lakh for inaccuracies in managing client data.
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SEBI chairperson assures robust oversight to prevent market contamination
Sebi chairperson Madhabi Puri Buch has pledged rigorous oversight to prevent market issues similar to Paytm's mismanagement. Emphasizing strict validation through Key Risk Areas (KRA), Buch assured that such problems will not affect India's financial ecosystem, reflecting Sebi's commitment to maintaining market integrity and regulatory compliance.