Flipkart Gets a Lending Licence: A Bold Leap into Embedded Finance
28th June 2025
Exclusive
Flipkart Gets a Lending Licence: A Bold Leap into Embedded Finance
The Rise of Contactless Payments: Benefits and Security Concerns
The Role of Cryptocurrencies in Cross-Border Payments
Biometric Payments: The Next Big Trend in Secure Transactions
How AI is Transforming the Credit Scoring System
QR Codes and the Cashless Leap: Transforming India's Financial DNA
.jpg)
The Future of Payments: Trends Reshaping Transactions in 2025
The Evolution of Fintech Regulation: What’s Next?
How Open Banking is Shaping Financial Services Globally
What the Future Holds for Digital-Only Banks: Navigating the Next Era of Banking
The Impact of 5G on Fintech Services
Top Fintech Innovations Shaping 2025: The Future of Finance
Subscribers: 28
SEBI Imposes ₹3 Lakh Penalty on Motilal Oswal for Stock Broker Norm Violations
News
10 June 2025
2 min read
10
India's market regulator, the Securities and Exchange Board of India (SEBI), has imposed a ₹3 lakh penalty on Motilal Oswal Financial Services Limited (MOFSL) for breaching stock broker regulations. The order, issued on June 9, specifies that the fine must be paid within 45 days .
SEBI’s thematic inspection, focused on “control over authorized persons,” covered April 2022 to January 2024. Investigators found several irregularities, including 13 trading terminals on the National Stock Exchange (NSE) and nine on the Bombay Stock Exchange (BSE) not located at their registered addresses. Of these terminals, live trades were conducted through five NSE terminals and one BSE terminal during the inspection period
Additionally, four NSE terminals and another four BSE terminals were operated by users not approved by MOFSL. SEBI clarified that allowing unauthorized persons to use trading infrastructure breaches broker norms
SEBI's investigation further revealed that MOFSL’s authorized persons—Triventure Services and Merit Capital Market Services—engaged in undisclosed fund-based transactions. In total, Triventure handled ₹18.31 crore from 36 clients and disbursed ₹1.24 crore, while Merit processed ₹5.69 crore to 99 clients and received ₹5.06 crore. MOFSL failed to detect or report these activities as per its reporting obligations
SEBI emphasized that MOFSL did not ensure compliance by its agent network nor adequately identify and report violations. The fine reflects the regulator's strong enforcement stance to uphold integrity in the securities market.
Reference : IndiaTimes
👍 0
💬 0
Read Next
News
📢 Wealthtech Startup Smallcase Secures $50M in Series D Funding Led by Elev8 Venture Partners
News
Indian Banking Sector Poised for Strong Credit Growth in FY26
News
🏦 HDFC Bank & SBI Revise Rates Amid RBI Easing Signals
News
Zaggle acquires a 51% stake in Effiasoft to strengthen its fintech capabilities.
Blog
AI-Powered Finance: How Generative AI is Reshaping Fintech in 2025
News
IIFL Finance Receives RBI Approval to Establish Branches in Jammu & Kashmir
×
Live Polls
Live Discussion
Topic Suggestion
Whom Do You Wish To Hear
Sector Updates
Leave your opinion / comment here