Capital markets regulator SEBI on Wednesday cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) for mis-utilising clients’ funds and securities. Cancelling the registration, SEBI said.
India s market regulator Sebi has cancelled the registration of Karvy Stock Broking Ltd for misusing clients funds and securities after finding that it transferred funds from clients accounts to their own accounts
Get latest articles and stories on Latest News at LatestLY. Capital markets regulator Sebi on Wednesday cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) for mis-utilising clients funds and securities. Latest News | Sebi Cancels Registration of Karvy Stock Broking for Misappropriating Clients Funds.
A penalty of Rs 1 crore has been levied on Krishna Hari G, whereas Raju has been ordered to pay Rs 40 lakhs and Gurazada and Mahesh have been ordered to pay Rs 30 lakhs and Rs 20 lakhs respectively