What is Sebi’s new NSEL settlement scheme, and how will it benefit stock brokers?
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday introduced a one-time settlement scheme for stock brokers who traded on the now-defunct National Spot Exchange Ltd (NSEL) platform. The scheme, aimed at expediting enforcement proceedings under SEBI‘s jurisdiction, offers eligible brokers a chance to settle violations related to securities laws without prolonged litigation. … Read more