Finding faults in meeting regulatory requirements, Securities and Exchange Board of India (SEBI) has cancelled the registration of 39 stockbrokers, 7commodity brokers and 22 depository participants (DPs).
The 39 de-licensed stock brokers are Bezel Stock Brokers, Reflection Investments, Action Financial Services, Sumpoorna Portfolio, Vineet Securities, Quantum Global Securities, Wellindia Securities, Vrise Securities, Credential Stock Brokers, Aanya Commodities, Amber Solutions, Arcadia Share & Stock Brokers, CM Goenka Stock Brokers, Destiny Securities, Bhavesh Dhirajlal Stock Broking, Enrich Fin & Securities, First Futures and Stocks, Ganga Yamuna Finvest, Gems Equities & Securities, Indovision Securities, Olympia Securities (Investnet Securities India), Century Consultants, Merfin, Micro Forex Equity & Derivatives, Moneyflo Securities, Mousumi Deb Roy (Goodluck Securities), Orient Capital Markets, Orion Capital and Debt Market, Parikh & Shah Finvest, Prem Somani Share Brokers, Prime Broking, Rusoday Securities, Saarc Net, Star Share & Stock Brokers, Unicon Securities, Wealth Mantra, Yuvraj Securities, Classic Share & Stock Broking Services and Grovalue Securities.
The 7 de-licensed commodity brokers are Wealth Mantra Commodities, Sumpoorna Comtrade, Chaitanya Commodities, BVK Pulses Online Trading, Infonic India, Financial Leaders Commodities and Wellindia Commodities.
The 22 de-licensed DPs are DPs are: Moongipa Investments, Aarya Equity, ASL Capital Holdings, Atlanta Share Shopee, Wealth Mantra, Ideal Stock Broking, PUG Securities, Grovalue Securities, Arcadia Share and Stockbrokers, Punjab and Maharashtra Co-op Bank, Astitva Capital Market, Amtiger Consultants, First Futures and Stocks, Tradenext Securities, Click2trade Capital, Vasanti Share Brokers, Max Planwealth Securities, Action Financial Services, Bright Shares and Stocks, MG Capital Services, Integrated Stock Broking Services, and Rajanarayan Capital Markets Services.
