Sebi fines Indian Clearing Corporation Rs 5 cr. BSE arm in violation of cyber, network audit norms

Sebi fines Indian Clearing Corporation Rs 5 cr. BSE arm in violation of cyber, network audit norms

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday slapped a Rs 5 crore penalty on Indian Clearing Corporation (ICCL) for non-compliance of certain norms related to network and cyber audits. Sebi had conducted an inspection of books of accounts and other records of Indian Clearing Corporation for the period between December 1, … Read more

Trader sends abusive responses to Sebi regarding insider trading, fined Rs 20 lakh

Trader sends abusive responses to Sebi regarding insider trading, fined Rs 20 lakh

A stock market trader who was being investigated for insider trading, sent abusive responses to market regulator Sebi, following which he attracted a fine of Rs 20 lakh. Rajat Mishra, the notice in the matter, replied to Sebi in the offensive phrase — “Notice de rxxe ho ya bxxxk mxxxg rxxe ho.” In this regard, … Read more