The National Stock Exchange (NSE) has withdrawn trading rights of Andheri based Balance Equity Broking. NSE did not give any reasons for its action.
When contacted, the management of Balance Equity Broking said, " We are in the merger process with Ventura Securities. There are no client complaints or any charges against the broker of any unauthorised trading. The withdrawal is on the back of compliance related matters and that has been conveyed to every client and sub-broker of Balance Equity, several weeks ago."
Balance Equity has been in existence since nearly two decades.