India market regulator bans IIFL Securities from onboarding new clients for 2 years

IIFL Capital Services

19/06/2023 13:28

BENGALURU, June 19 (Reuters) - India's market regulator
on Monday banned IIFL Securities  IIFS.NS  from onboarding any
new client for two years as a stockbroker in a case related to
alleged misuse of client funds.
     The case dates back to alleged violations of the rules of
the Securities and Exchange Board of India in 2013-2014.

 (Reporting by Sethuraman NR in Bengaluru; Editing by Dhanya Ann
Thoppil)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))