Sebi slaps Rs 40 lakh fine on 8 entities for non-genuine trades
The regulator slapped a fine of Rs 5 lakh each on Sunbright Commodities Trade, Sunita Gupta, Ecospace Distributors, Fendra Infrastructure, Fastglow Distributors, Fort Gloster Industries, Flute Developers, and Franklin Leasing and Finance Ltd.
The regulator conducted an investigation into the trading activities of certain entities engaged in the segment from April 2014 to September 2015. Photo: PTI