NSEL Paired Contracts: Sebi cancels registration of two brokerages
All brokerages that facilitated the trade of NSEL's paired contracts have been under the scanner
Source: moneycontrol.com
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All brokerages that facilitated the trade of NSEL's paired contracts have been under the scanner
The brokerages’ registrations were cancelled through two separate orders issued by the Securities and Exchange Board of India through two separate orders on September 6.
Registrations of JV Commodity, Jyothi Commodities and Ashika Commodities and Derivatives have been suspended for three months or earlier, depending on the outcome of ongoing enquiries
The market regulator's order said that the broker's activities were detrimental to the securities market