Economy
SEBI bans JPMorgan unit and imposes Rs 3.7 crore fine
Moneycontrol2h
THE BRIEF
1
The Securities and Exchange Board of India has banned a JPMorgan unit from trading following an investigation into Sensex price rigging.
2
SEBI imposed a combined fine of Rs 3.7 crore on two financial firms for manipulating the Closing Auction Session to artificially alter stock indices.
3
The market regulator issued a stern warning to institutional traders, stating that any attempts to game the closing session will face swift bans.