Sebi has slapped a temporary ban on stock broker IIFL Securities. Sebi wanted to ensure that their books were spic and span. They launched an investigation to look at IIFL's records between April 2011 and December 2013. The rule asked brokers to maintain a separate bank account for their own money and another for client monies.
In today’s episode for 26th June 2023, we explain why the Securities and Exchange Board of India (SEBI) has slapped a temporary ban on the stockbroker IIFL Securities.