NSE Co Location Scam: SEBI Penalizes another Stockbroker Is it Enough?

SEBI has penalised Pace Stockbroking for its involvement in the NSE Co-Location case however the penalty levied is too inadequate or meagre compared to the adversity that has been committed by this stockbroker It had come to SEBIs notice that Pace stockbroking has been involved in malpractices with respect to the co-location facility provided by NSE therefore the regulator body decided to investigate. Finally Sebi decided to penalise an amount of 6 lakh. Pace Stock Broking was found guilty in a forensic audit which shows that NSE advised the broker not to violate the NSE colocation norma however nothing fruitful came out of it. the broker continued to log in to the secondary server Sebi noted. However the question that needs to be asked is whether the amount that has been levied as a penalty is really appropriate compared to the misconduct and the financial benefits pace stock broking got out of this NSE colocation scam. In fact this raises questions about the whole penalty structure and logic of SEBI. Who gets to decide the amount and on what basis? How is this penalty amount calculated? This is what we discuss in this video. Follow us on Social Media Handles: Instagram - Twitter- Facebook- LinkedIn- Listen to Our Podcast on Spotify: Subscribe to our Stock Market Learning Channel: Subscribe to our Vlog Channel ADB Vlog - Visit Our Website Visit our Hindi Website ,

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