Motilal Oswal settles case with Sebi,pays Rs 34.85 lakh as settlement charges

Wait 5 sec.

Sebi has settled proceedings with Motilal Oswal Financial Services regarding a case of suspected front-running by the Chaturvedi Group, linked to a large client's trades. The brokerage paid ₹34.85 lakh as settlement charges. The regulator alleged the firm failed to maintain proper order records and attempted to create supporting documents post-execution, leading to a show-cause notice earlier this year.