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Sebi rationalises broker penalties

Financial Express Chennai

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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.

- ANANYA GROVER Mumbai, October 10

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

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