Brokers to pay penalty for not collecting margins

Aug 11

Brokers to pay penalty for not collecting margins

The Securities and Exchange Board of India (Sebi) has asked stock exchanges to penalise brokers for short collection or non-collection of margins in the equity derivatives segments. The regulator’s move is aimed at resisting payment crises in the wake of high volatility recently. Despite a decline of over 10 per cent in the benchmark equity indices — Sensex of the Bombay Stock Exchange and S&P CNX Nifty of the National Stock Exchange — there has been no payment crisis in the stock markets. One reason for this is that there are no high margins
http://www.business-standard.com/india/news/brokers-to-pay-penalty-for-not-collecting-margin/445499/

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