The Securities and Exchange Board of India (SEBI) on Monday (June 9) announced a Settlement Scheme for stock brokers associated with certain algorithmic (algo) trading platforms.
This major aimed at resolving pending regulatory proceedings in a time-bound and efficient manner.
The scheme is introduced under Section 15JB of the SEBI Act, 1992, read with Regulation 26 of the SEBI (Settlement Proceedings) Regulations, 2018. It offers brokers an opportunity to settle ongoing proceedings initiated by SEBI that are currently pending before any of the following authorities:
- SEBI Adjudicating Officer
- Securities Appellate Tribunal (SAT)
- Courts
By opting into the scheme, eligible brokers can seek a quick resolution to their cases and avoid prolonged litigation.
Here are key details of the scheme:
FAQs: To be published on SEBI’s official website on June 16, 2025
Scope: Applies to all brokers associated with certain algo platforms and facing proceedings from SEBI
SEBI has clarified that brokers who do not participate in the scheme will continue to face legal action as per existing laws.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
