Stock Broking

The National Spot Exchange Limited (NSEL) has announced the opening of its long-awaited broker settlement scheme on August 25. This initiative is aimed at resolving claims tied to the infamous Rs. 5,600 crore payment default case that rocked India’s commodity markets over a decade ago. Under this scheme, defaulting brokers will be able to settle outstanding dues by paying investors directly, thereby accelerating the restitution process.

Securities and Exchange Board of India (Sebi) is contemplating a significant shift in its regulatory language and practices concerning brokers. K C Varshney, Sebi’s whole-time member, indicated that the term “penalty” carries undue stigma and may be replaced to foster a more business-friendly environment. Alongside this, Sebi is rationalizing penalties, centralizing enforcement authority to one exchange, and exploring data consolidation portals for brokers.

Anand Rathi Share and Stock Brokers Ltd has settled a case with the Securities and Exchange Board of India (Sebi) by paying Rs 90.2 lakh in response to alleged violations of stockbroker norms. The settlement follows a proposal from the brokerage firm, which sought to resolve the case without admitting or denying the findings. The allegations revolve around issues related to transparency, due diligence, and improper handling of client orders and trading records in relation to KPIT Technologies Ltd.

Groww, one of India's fastest-growing retail broking platforms, has confidentially filed for an initial public offering (IPO) with the Securities and Exchange Board of India (SEBI), aiming to raise between USD 700 million and USD 1 billion. The offering will comprise both fresh equity and an offer-for-sale (OFS) component. Backed by leading global investors such as Peak XV, Tiger Capital, and Microsoft CEO Satya Nadella, Groww plans to deploy the proceeds toward technology enhancement and strategic expansion.

India’s markets regulator, the Securities and Exchange Board of India (SEBI), has issued a final reminder to investors impacted by the collapse of Karvy Stock Broking Ltd (KSBL) to file their claims before the looming June 2, 2025 deadline. This follows KSBL’s declaration as a defaulter by the National Stock Exchange in November 2020, after the firm was found guilty of serious regulatory violations, including misappropriating client funds.

In a pivotal move set to reshape India’s financial services landscape, the Securities and Exchange Board of India (SEBI) has announced a new regulatory framework allowing stock brokers to conduct securities market-related activities in the International Financial Services Centre (IFSC) at Gujarat’s GIFT City without prior approval. This landmark decision provides greater operational autonomy and regulatory clarity, streamlining the entry of brokers into the globalized financial enclave.

The Securities and Exchange Board of India (Sebi) has extended the deadline for the implementation of the optional T+0 rolling settlement cycle for Qualified Stock Brokers (QSBs) to November 1, 2025. Initially set for May 1, 2025, the extension comes after consultations with key stakeholders, including stock exchanges, clearing corporations, depositories, and brokers. The new settlement framework is designed to allow faster execution of trades by enabling same-day settlements for the top 500 scrips by market capitalization.

Market regulator Securities and Exchange Board of India (Sebi) has taken swift action against stock broker Patel Wealth Advisors (PWAPL), prohibiting the firm from trading in securities using its proprietary account. The ban comes after Sebi found evidence of the broker’s involvement in the manipulative trading practice known as "spoofing," which resulted in unlawful gains of approximately Rs 3.22 crore. Additionally, four directors from the firm have been restrained from any securities dealings, and Sebi has launched a comprehensive investigation into the matter.

Antique Stock Broking has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding a front-running case, agreeing to pay Rs. 29.25 lakh in settlement charges. This settlement follows an investigation into allegations that the firm engaged in front-running, a practice where entities use non-public information to make trades before their clients are made aware. While the settlement resolves the issue without admitting guilt, SEBI retains the right to pursue further action if new violations are discovered in the future.