SEBI Launches Settlement Scheme for Stockbrokers Linked to Algo Platforms
Moneylife Digital Team 10 June 2025
Market regulator Securities and Exchange Board of India (SEBI) has announced a new Settlement Scheme aimed at stockbrokers associated with some algorithmic trading platforms.
 
The scheme, framed under Section 15JB of the SEBI Act, 1992, and Regulation 26 of the SEBI Settlement Proceedings Regulations, 2018, offers brokers an opportunity to settle ongoing proceedings initiated against them. These proceedings are currently pending before various authorities, including adjudicating officers (AO), securities appellate tribunal (SAT) or courts.
 
Under the scheme, stockbrokers linked with the specified algo platforms can seek expeditious closure of their cases by availing the settlement benefits. The move is expected to provide relief to brokers and reduce the regulatory burden on the adjudication process, the market regulator says.
 
The settlement scheme will be open for a limited period, commencing on 16 June 2025 and running until 16 September 2025, or until a revised date approved by the competent authority.
 
However, brokers who choose not to avail of the scheme will continue to face the regulatory proceedings initiated against them, SEBI says.
 
To assist stakeholders, SEBI says frequently asked questions (FAQ) related to the scheme will be made available on its website on 16 June 2025.
Comments
Motilal Oswal Financial Services Fined Rs3 Lakh for Violations in Terminal Usage, Control over Authorised Persons
Moneylife Digital Team 09 June 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 3 lakh on Motilal Oswal Financial Services Ltd (MOSFL) following a thematic inspection that uncovered violations related to terminal usage and...
RBI’s Draft KYC Proposals: More Tinkering, Still No Teeth
Sucheta Dalal, 06 June 2025
Despite multiple warnings and committee recommendations, the Reserve Bank of India (RBI) continues to evade the core issue: issuing clear, enforceable directions to banks on resolving the continued harassment of customers over...
SEBI Warns about Forged Notices, Misuse of Its Letterhead and Official Identity
Moneylife Digital Team 06 June 2025
Market regulator Securities and Exchange Board of India (SEBI) has warned the public against fraudulent communications falsely issued in its name, including forged notices and fake demands for payment.
 
In a release, SEBI says it...
Govt Set To Introduce New Law To Ban Unregulated Lending Activities in Monsoon Session
Moneylife Digital Team 06 June 2025
The Government of India is preparing to introduce the Banning of Unregulated Lending Activities (BULA) Bill in the upcoming monsoon session of Parliament which begins on 21 July 2025. The proposed legislation aims to clamp down on...
Free Helpline
Legal Credit
Feedback