SEBI Penalizes ITI Securities for Algo Platform Violation

SEBI imposes Rs. 1 lakh penalty on ITI Securities for violating algorithmic trading norms by associating with TradeTron platform.
The Adjudicating Officer found ITI Securities violated SEBI's 2022 circular by integrating its API with TradeTron, which offered assured returns.
The order mandates a penalty of Rs. 1,00,000, payable within 45 days, with recovery proceedings for non-payment.