SEBI Dismisses Charges Against Growth Securities in Algo Trading Case

SEBI's adjudicating officer dismissed charges against Growth Securities Private Limited for alleged violations related to algorithmic trading platform TradeTron.
The noticee was accused of violating SEBI's 2022 circular by associating with a platform hosting strategies promising assured returns.
The officer found no corroborative evidence of the broker's API integration with TradeTron, granting benefit of the doubt and closing the case without penalty.