Mumbai: Sebi has settled proceedings against Motilal Oswal Financial Services in a case linked to suspected front-running of a large client’s trades by the Chaturvedi Group.
The broker paid ₹34.85 lakh as settlement charges. The regulator alleged that the brokerage failed to exercise due skill and care by not maintaining proper records of client order instructions and attempting to create supporting documents after orders were executed. A show-cause notice was issued in February this year, it said.
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