The Economic Times

Securities Appellate Tribunal quashes Rs 1.49 crore penalty on Ventura Securities by MCX

In a pivotal decision, the Securities Appellate Tribunal annulled a 1.49 crore penalty that MCX had levied against Ventura Securities for purported client violations. The tribunal's ruling stemmed from the finding that the order was signed by an ex-member of the committee. As a result, the tribunal has ordered MCX to reimburse the fine, including an additional 1 lakh for the brokerage's legal expenses.