Sebi Fines SMC Global Securities Rs 1 Lakh Over Compliance Lapses
The Securities and Exchange Board of India has imposed a Rs 1 lakh penalty on SMC Global Securities after an inspection found regulatory lapses in the handling of client order-placement records. The action stems from issues flagged during a review covering January to September 2024, including concerns linked to unauthorized trading and the oversight of transactions executed through authorised representative Amit Lilhare.
