Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. Following the inspection, Sebi issued…