Sebi penalises SMC Global Securities for compliance lapses

Sebi has imposed a penalty of ₹1 lakh on SMC Global Securities for regulatory violations discovered during an inspection. The probe, which examined the period from January to September 2024, revealed lapses in client order-placement record management and issues related to unauthorised trading activities.

The inspection also flagged concerns regarding oversight of transactions by authorised representative Amit Lilhare. SMC Global Securities operates under Sebi's regulatory framework and maintains dealings across multiple stock exchanges in India.