Tribunal upholds SEBI order cancelling 63 moons from providing STP service
Tribunal upholds SEBI order cancelling 63 moons from providing STP service April 26, 2021 Firm to challenge order in apex court The Securities Appellate Tribunal (SAT) has dismissed the appeal of 63 moons technologies against the order of markets regulator SEBI in the matter involving Straight-Through Processing (STP) gate services. In December last year, SEBI had disallowed 63 moons from providing STP services on the grounds that it was judged ‘not fit and proper’ by the Forward Markets Commission (FMC) seven years ago. 63 moons said it would be challenging SAT in the Supreme Court. ST...