Sebi fines Rs 7 lakh on Reliance Securities for flouting stock brokers’ norms

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SEBI has penalized Reliance Securities with Rs 7 lakh for violating stock broker regulations. An inspection revealed incorrect details in client margin statements and ledger balances. The firm also failed to comply with risk-based supervision guidelines by misreporting cash collateral data.

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Sebi fines Rs 7 lakh on Reliance Securities for flouting stock brokers’ norms

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