SEBI banned Karvy Stock Broking from taking new clients- Why?
SEBI banned Karvy Stock Broking from taking new clients and executing trades on behalf of the existing ones. Karvy is one of the largest stockbrokers in India with over 2,50,000 clients. [For the uninitiated, the stockbrokers serve as an intermediary in the stock market. They buy and sell shares (securities) on behalf of the investors. …
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