SEBI Penalizes R.K. Stockholding for Algo Platform Violation

SEBI imposes a ₹2 lakh penalty on R.K. Stockholding for violating algorithmic trading norms by remaining associated with the TradeTron platform.
The adjudication order finds the broker in violation of SEBI's September 2022 circular prohibiting association with platforms promising assured returns.
The penalty was imposed after the broker failed to disassociate from TradeTron, a platform found hosting strategies promising guaranteed returns.