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Co-location scam: NSE headed by Chitra Ramkrishna did not consider principles of fair & equitable access, says CBI

The CBI had registered a criminal offence against Sanjay Gupta, Aman Kokrady, AN Shah, M/s OPG Securities Pvt Ltd and unknown officials of Securities and Exchange Board of India (SEBI) and National Stock Exchange (NSE) in May 2018. ....

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SEBI imposes a penalty on NSE, ex-MDs in co-location case


SEBI imposes a penalty on NSE, ex-MDs in co-location case
In a major setback for the National Stock Exchange (NSE), the Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore.
  |  11 Feb 2021 9:07 AM GMT
MUMBAI: In a major setback for the National Stock Exchange (NSE), the Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on the bourse in the co-location case for failing to ensure a level playing field for trading members subscribing to its TBT (Tick-by-Tick) data feed system.
The capital market regulator has also penalized former MDs and CEOs of NSE, Ravi Narain, and Chitra Ramakrishna, with a fine of Rs 25 lakh each. ....

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