SEBI fines Reliance Securities ₹9 lakh for breaking market norms
SEBI has imposed a fine of ₹9 lakh on Reliance Securities for breaking market norms and stock broker rules. This comes after the market regulator and stock exchanges inspected the account books and other documents of the company. SEBI said multiple violations of the securities law including non-maintenance of adequate systems for recording client order placements were found.