Sebi slaps Rs 1.02 cr fine on Aditya Birla Money for mkt norms violation
Proceedings were initiated against Aditya Birla Money based on a joint inspection conducted by Sebi, BSE, NSE and the depositories in March 2019 and also a special purpose inspection conducted by Sebi in March 2018.
Based on the findings of the inspection, Sebi initiated adjudication proceedings.
''A registered stock broker should maintain high standards of integrity, exercise due skill and care, comply with statutory requirements and should not make investment advice to client in ordinary circumstances, which was not followed by noticee,'' Sebi said.
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