Sebi imposes Rs 7 lakh fine on Motilal Oswal for violating broker rules

Q: How long will it take to read this news story?

The story "Sebi imposes Rs 7 lakh fine on Motilal Oswal for violating broker rules" has 383 words across 13 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Sebi imposes Rs 7 lakh fine on Motilal Oswal for violating broker rules" was covered 15 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 300 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25632267</li><li>URL: https://chronographically.beamstart.com/news/sebi-imposes-rs-7-lakh-17382421109939</li></ul>

Business Standard Logo Business Standard 15h ago

Sebi imposes Rs 7 lakh fine on Motilal Oswal for violating broker rules - Business Standard

Quick Summary:

In its probe, the regulator found that Motilal Oswal Financial Services did not resolve 26 complaints within a period of 30 days, transferred securities of credit balance clients to "client unpaid securities account", and incorrectly reported Margin Trading Funding (MTF) collaterals to the exchange.

Markets regulator Sebi on Thursday imposed a penalty of Rs 7 lakh on Motilal Oswal Financial Services Ltd for flouting stock broker and depository participant rules.

This came after Sebi conducted inspection of the stock broker and depository participant, MotilalOswal Financial Services Ltd, jointly with stock exchanges and depositories for the inspection period from April 2021 to June 2022.