Sebi bars IIFL Securities from taking any new clients for 2 years

June 20, 2023

The regulator alleged that IIFL has not implemented Sebi rules framed in 1993 in its true spirit by 25 years. It has also continuously been found involved in unauthorized use of credit clients’ funds for the purpose of meeting the obligations arising out of its proprietary trades and the trades of debit balance clients.

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