ICICI Securities settles case with Sebi for Rs 40L
Brokerage firm ICICI Securities on Monday settled a case pertaining to the alleged violation of stock brokers rules with capital markets regulator Sebi, after paying Rs 40.2 lakh towards settlement charges.
The order came after ICICI Securities proposed to settle the matter without "admitting or denying the facts and conclusions of law", through a settlement order. "In view of the acceptance of the settlement terms... The adjudication proceedings initiated against applicant (ICICI Securities) vide show cause notice (SCN) dated May 17, 2024 is disposed of in terms of the settlement regulations," Sebi’s adjudicating officer Amit Kapoor said.
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