LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

NSE co-location facility case: Sebi partially relaxes orders against 3 stock brokers

Sebi on Tuesday had barred OPG Securities and its three directors from markets for five years, while Way2wealth and GKN Securities were asked to not undertake any trade on any stock exchange on proprietary account for two years.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
NSE co-location facility case: Sebi partially relaxes orders against 3 stock brokers
The Securities and Exchange Board of India's (Sebi) ruling came after it found the three brokers guilty of misconduct in NSE's co-location case. Image source: Reuters
Written By: PTI
Updated: Fri, May 03, 2019
09:42 pm
New Delhi, PTI
RELATED NEWS
Anil Singhvi reveals why Sebi is on right path regarding compensation for losses of traders, investors from tech glitches Anil Singhvi reveals why Sebi is on right path regarding compensation for losses of traders, investors from tech glitches
Govt to decriminalise 12 offences under Limited Liability Partnership (LLP) Act Govt to decriminalise 12 offences under Limited Liability Partnership (LLP) Act
ICICI Bank settles case with Sebi; pays Rs 28.40 lakh ICICI Bank settles case with Sebi; pays Rs 28.40 lakh
Sebi moots new ownership framework for setting up mkt infrastructure institutions Sebi moots new ownership framework for setting up mkt infrastructure institutions
Sebi bans 2 entities, 8 individuals from securities market for illegally raising money Sebi bans 2 entities, 8 individuals from securities market for illegally raising money

Markets regulator Sebi Friday partially relaxed orders against three stock brokers in NSE's co-location facility case by allowing them to close the open positions in F&O and currency derivatives segments within two months. The directions have been relaxed in the case of OPG Securities Pvt Ltd, Way2Wealth Brokers Pvt Ltd and GKN Securities.  

On Tuesday, Sebi had barred OPG Securities and its three directors from markets for five years, while Way2wealth and GKN Securities were asked to not undertake any trade on any stock exchange on proprietary account for two years.

The Securities and Exchange Board of India's (Sebi) ruling came after it found the three brokers guilty of misconduct in NSE's co-location case.

Following the order on Tuesday, Sebi said, it is understood that the three brokers are holding open positions in futures and options (F&O) and currency derivatives segments at the end of trading on April 30, 2019, which need to be closed.  

It is clarified that the directions issued vide orders shall stand relaxed for the limited purpose of allowing the three brokers to close open positions in the futures and options and currency derivatives segments, Sebi said in two separate orders Friday.

Accordingly, the brokers "are allowed to close/settle/square up their respective existing open positions in the futures & options and currency derivatives segments on or before the expiry date of respective contracts or within a period of two months from April 30, 2019, whichever is earlier, in terms of the contract," Sebi said.

However, the relaxation is subject to certain conditions, the regulator said. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
SebiNational Stock Exchange
RELATED NEWS
Anil Singhvi reveals why Sebi is on right path regarding compensation for losses of traders, investors from tech glitches Anil Singhvi reveals why Sebi is on right path regarding compensation for losses of traders, investors from tech glitches
Govt to decriminalise 12 offences under Limited Liability Partnership (LLP) Act Govt to decriminalise 12 offences under Limited Liability Partnership (LLP) Act
ICICI Bank settles case with Sebi; pays Rs 28.40 lakh ICICI Bank settles case with Sebi; pays Rs 28.40 lakh
Sebi moots new ownership framework for setting up mkt infrastructure institutions Sebi moots new ownership framework for setting up mkt infrastructure institutions
Sebi bans 2 entities, 8 individuals from securities market for illegally raising money Sebi bans 2 entities, 8 individuals from securities market for illegally raising money

LATEST NEWS

PAN Aadhaar Link Online Last Date: This will happen if you don't do what Income Tax dept has said! Do now via SMS

Gold Price Today – Price fall continues, yellow metal cheaper by Rs 80; Silver expensive by Rs 495 when markets opened on Thursday

7th Pay Commission Latest News: How pensioners will benefit from DA, TA, salary hike for central government employees?—EXPLAINED

IRCTC Share price: Dolat Capital initiates coverage on with target of Rs 2650

YouTube's new feature will allow parents to choose what children can watch

SBI share price today: After some consolidation stock ready to make new HIGHS! On course to reach Rs 450 in just 2 weeks

PUBG Mobile New State official trailer released, pre-registration on Google Play Store | All new features, details here!

PNB Scam: Big win for India; serious setback for Nirav Modi as he loses extradition fight

Money earning scheme: This SBI plan will give you more than Rs 81,000 interest

ZeeBiz raises critical questions on NSE trading glitch; Anil Singhvi demands inquiry, asks who will pay compensation for loss?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved