SEBI imposed a penalty of ₹9 lakh on Reliance Securities.
SEBI imposed this penalty because Reliance Securities flouted market norms and stock broker rules.
Reliance Securities Ltd (RSL) is a SEBI-registered stock broker.
SEBI, NSE and BSE carried out onsite inspection of the books of accounts, records, and other documents of authorised persons of Reliance Securities Ltd.
The inspection was carried out from April 2022 to December 2023.
