Sebi rationalizes punitive framework for stockbrokers, scraps 40 violations and reclassifies 105 as ‘financial disincentives’

Markets regulator Securities and Exchange Board of India (Sebi) has streamlined the penalty framework for stockbrokers, scrapping 40 violations and reclassifying fines for 105 violations as ‘financial disincentives’. The revised framework now provides for sanctions for 90 violations. The decision to reclassify 105 violations as “financial barriers” is intended to remove the stigma associated with […]