Sebi slaps fine of Rs 1 crore on IIFL for misusing client funds - Moneycontrol

It was found that the noticee had misused funds credit balance clients for settlement obligation of its debit balance clients for 30 days and the total misutilisation was in the range of Rs 26.04 crores to Rs 294.73 crores ranging from 4.01 percent to 45.97 p…

Capital markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for alleged misutilisation of client securities. The amount has to be paid by IIFL within 45 days… [+1753 chars]

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