SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

Rajesh Kumar

2 Aug 2024 7:30 PM IST

  • SEBI Fines IIFL Securities ₹3 Lakh For Mishandling Client Data

    The Securities and Exchange Board of India (SEBI) has imposed a fine of ₹3 lakh on IIFL Securities for failing to maintain due diligence and care in its role as market intermediaries. This penalty arose from the mishandling of client data related to domicile information which impacted stamp duty obligations. Between July 2020 and June 2022, IIFL Securities registered 12,101...

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