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Sebi rationalises broker penalties
Financial Express Chennai
|October 11, 2025
THE SECURITIES & Exchange Board of India (Sebi) on Friday issued a circular reducing the total 235 existing penalties for them to 90 and said the second phase of Samuhik Prativedan Manch, a technology based common reporting mechanism will be implemented from October 15.
Penalties on 40 violations have been removed and 105 minor procedural lapses has been termed as 'financial-disincentives', Sebi said. Of the revised number of penalties, 36 have been rationalised, seven replaced with advisory/warning for first-time offences, six capped, and 1
This story is from the October 11, 2025 edition of Financial Express Chennai.
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