Sebi revises penalty norms for stock brokers to remove ‘stigma’
Stock market regulator Sebi has streamlined penalty rules for brokers, introducing a single penalty per violation across exchanges. The number of penalties has been drastically cut from 235 to 90, with many minor lapses now facing financial disincentives instead of penalties. This move aims to reduce reputational risk and provide significant relief to the broking community.
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