SEBI Penalizes Northeast Broking for Algo Platform Violations

SEBI imposes a Rs. 1 lakh penalty on Northeast Broking for violating a 2022 circular by remaining associated with an algo trading platform.
The Adjudicating Officer found the broker violated SEBI's 2022 circular by maintaining API integration with TradeTron, a platform hosting strategies promising assured returns.
The penalty of Rs. 1,00,000 must be paid within 45 days, with recovery proceedings initiated for non-payment.