SEBI Fines Axis Securities ₹10 Lakh for Rule Violations:
The Securities and Exchange Board of India (SEBI) has imposed a fine of ₹10 lakh on Axis Securities for multiple violations of stockbroker regulations. The regulatory action follows an inspection covering the period from April 2021 to November 2022. SEBI found several lapses in compliance, including misreporting, improper handling of client funds, and failure to address customer grievances.
