Wednesday, November 28, 2012

4 Indian brokerage penalty imposed by the SEC

U.S. stock market regulator Securities and Exchange Commission (SEC), the 4th Indian brokerage firms found guilty of violations. Ambit Capital, Edelweiss Financial Services , JM Financial Institutional Securities and Motilal Oswal Financial Services is fined $ 18 million to the SEC. 

These brokerage companies without registration is accused of providing services to institutional investors.

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