F6 Finserve's Registration Cancelled by SEBI for Mis-utilisation of Client Funds and Securities
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of F6 Finserve Pvt Ltd for multiple offences, including non-settlement of funds of inactive clients, non-segregation and mis-utilisation of client's funds and securities, mis-utilisation of client securities by pledging, wrong reporting of margin, non-redressal of investor grievances and non-submission of information.