SEBI imposes a penalty of ₹2 lakh on Shri Parasram Holdings for violating a 2022 circular by remaining associated with TradeTron, an algo platform offering assured returns.
The company's API integration with TradeTron, which hosted strategies promising assured returns, violated SEBI's 2022 circular requiring disassociation within 7 days.
The adjudicating officer rejected the company's defense and imposed the penalty, considering the violation and the company's past non-compliance.