SEBI adjudication order imposes ₹1 crore penalty on Trdez Investment Pvt Ltd for violating stock broker regulations.
Order finds Trdez allowed its SEBI registration to be misused by its directors' partnership firms to operate a Ponzi-like scheme.
Examination revealed ₹2,954 crore in bank transactions linked to entities mobilizing funds from the public.
Noticee failed to take meaningful action against impersonation complaints and was expelled from major stock exchanges.