NSE Colo Scam: SEBI Imposes Penalty Totalling Rs18 Lakh on CPR Capital Services and PRB Securities moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
SEBI penalises 2 brokerages in NSE Co-Location case
By IANS |
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SEBI.. Image Source: IANS News
Mumbai, April 16 : Capital market regulator SEBI has fined brokerage firms, PRB Securities Private Ltd and CPR Capital Services, in the NSE Co-Location matter for violation of norms.
The regulator has imposed a total fine of Rs 6 lakh on the PRB Securities and Rs 12 lakh on CPR Capital Services.
The SEBI said that it had received multiple complaints pertaining to allegations of malpractices with respect to the co-location facility being provided by the National Stock Exchange of India Ltd (NSE).
In the wake of allegations of preferential access to Tick-byTick (TBT) data feed given by the NSE to certain trading members (TMs), the matter was taken up for investigation by the SEBI.
NSE co-location case: SEBI slaps Rs 18 lakh fine on two trading members
The two entities were among the trading members that were identified for comprehensive investigation for primary and secondary server connects
PTI | April 16, 2021 | Updated 21:04 IST
Fines of Rs 12 lakh and Rs 6 lakh have been imposed on CPR Capital Services and PRB Securities
Markets regulator Sebi on Friday slapped fines totalling Rs 18 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd for various violations with respect to using National Stock Exchange s co-location facility.
There were allegations of preferential access to Tick-By-Tick (TBT) data feed being given by the exchange to certain trading members, following which Sebi probed the matter. The two entities were among the trading members that were identified for comprehensive investigation for primary and secondary server connects.
Markets regulator Sebi on Friday slapped fines totalling Rs 18 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd for various violations with respect to using National Stock Exchange s co-location facility. There were allegations of preferential access to Tick-By-Tick (TBT) data feed being given by the exchange to certain trading members, following which Sebi probed the matter. The two entities were among the trading members that were identified for comprehensive investigation for primary and secondary server connects. Fines of Rs 12 lakh and Rs 6 lakh have been imposed on CPR Capital Services and PRB Securities, respectively, Sebi said in two separate but similarly-worded orders on Friday.
NSE co-location case: SEBI slaps Rs 18 lakh fine on two trading members origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.