Stay updated with breaking news from Antony Sequeira. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The National Stock Exchange (NSE) has expelled Chennai-based First Futures And Stocks Pvt Ltd due to a shortfall of client funds and non-resolution of investor complaints. With this expulsion, the number of brokers expelled by NSE since January 2018 has gone to 35.
3 Mumbai-based Arcadia Share & Stock Brokers Pvt Ltd, whose trading rights have been withdrawn by the National Stock Exchange (NSE) for failing to adhere to its regulatory provisions, was found reporting incorrect data about clients’ funds, cash and cash equivalent balances, during the weekly enhanced supervision. "Based on data collected by the forensic auditor, the amount payable to the clients was about Rs47.51 crore as on 31 December 2020, whereas the clients payable as reported in the cash and cash equivalent balances submission by Arcadia as on the same date were to the tune of...