SEBI announces settlement scheme for brokers linked to algo platform cases
This story was originally published at 18:32 IST on 9 June 2025
Register to read our real-time news.Informist, Monday, Jun. 9, 2025
NEW DELHI – The Securities and Exchange Board of India Monday announced a scheme for stock brokers associated with certain algo platforms to settle enforcement or investigation cases against them. In a public notice, SEBI said the settlement scheme will open on Jun. 16 and close on Sept. 16.
According to SEBI, the scheme will "provide a settlement opportunity to such stock brokers associated with certain Algo platforms, against whom proceedings have been initiated by SEBI and are pending before any authority or forum, viz. Adjudicating Officer/the Securities Appellate Tribunal/Courts." SEBI said by availing the settlement scheme, stock brokers will be able to expeditiously conclude such proceedings. End
Reported by Rajesh Gajra
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
