SEBI cancels Karvy Stock Broking’s licence; to pay outstanding dues
SEBI last month banned Karvy and promoter Comandur Parthasarathy from the securities market for 7 years, and fined ₹21 cr for misusing powers
karvy scam
June 2023
April 2022
BSE, NSE fined with ₹5 cr penalty for ‘laxity’ in detecting Karvy scam
Karvy Stock Broking had misutilised client securities worth ₹2,300 crore belonging to over 95,000 investors by pledging them to raise funds.
