The Hindu Business Line : SEBI suspends 2 brokerage houses

The SEBI has suspended the certificates of registration of Sakshi Stocks and Shares Pvt Ltd and Malay Investment and Financial Services Pvt Ltd, members of the Uttar Pradesh Stock Exchange, on charges of certain irregularities and contraventions of SEBI Regulations. The brokerages have been suspended for a period of fifteen days.

The brokerages were booked for infringements like non-maintenance of order books, document register and margin deposit book and non-collection of margins. Sakshi Stocks and Shares would be barred from trading between October 6 and October 20, and Malay Investment would be disallowed trading from October 10 to October 24, said a SEBI order.

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