BofA Securities India has settled a case with Sebi for alleged insider trading violations by paying ₹58.5 lakh. The market regulator had issued a show cause notice last year, alleging the merchant banker failed to maintain a structural digital database (SDD) as required by insider trading norms. This settlement resolves the adjudication proceedings initiated by Sebi.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets