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SEBI penalises OPG Securities, Directors in NSE co-location case


SEBI penalises OPG Securities, Directors in NSE co-location case
​ By
IANS
|
Published on
​ Thu, Feb 11 2021 19:36 IST
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​ 0 Views
SEBI.. Image Source: IANS News
Mumbai, Feb 11 : SEBI has imposed an overall penalty of over Rs 5 crore on brokerage firm OPG Securities Private Ltd, along with its promoter and MD Sanjay Gupta, and two other Directors in the NSE co-location matter.
As per a complaint received by the capital market regulator, OPG Securities used the NSE system to its advantage by hiring Nagbhusan Bhat, who was working with Omnesys Technologies, to figure out which server was working better.
The brokerage also allegedly made certain arrangements with a NSE datacentre staffer named Jagdish Joshi who would inform it of the time when the servers would start, and therefore, they could be the first to connect. ....

Amit Pradhan , Jagdish Joshi , Sanjay Gupta , Securities Private Ltd , Private Ltd , Nagbhusan Bhat , Omnesys Technologies , Adjudicating Officer , அமித் ப்ர்யாட்ஹந் , ஜெகதீஷ் ஜோஷி , சஞ்சய் குப்தா , பத்திரங்கள் ப்ரைவேட் லிமிடெட் , ப்ரைவேட் லிமிடெட் ,