FilingReader Intelligence

SMC Global Securities fined for trading terminal violations

August 21, 2025 at 04:39 PM UTC•By FilingReader AI

SMC Global Securities was fined INR 2,00,000 by SEBI for regulatory violations involving 19 NSE trading terminals found at undeclared locations during inspections in June 2024.

The brokerage's explanation that the terminals were undergoing address shifts was rejected by the regulator. Similar allegations concerning MCX and NCDEX terminals were dismissed as typographical errors after rectification.

The penalty highlights a pattern of regulatory non-compliance, with SMC Global Securities having faced previous SEBI orders for similar violations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Attached is the SEBI Adjudication Order dated 21 August 2025 outlining penalty under section 15HB of SEBI Act on account of the procedural lapses. Detailed Disclosure is attached.August 21, 2025 at 04:23 PM UTC

Supplementary Source Documents

SEBI Adjudication Order dated 21 August 2025 outlining the penalty under Section 15HB of SEBI Act on account of the procedural lapses identified in Inspection. Detailed disclosure is attached.August 21, 2025 at 04:28 PM UTC

SMC Global Securities

BSE:SMCGLOBAL•Bombay Stock Exchange

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