Karvy Broking expelled by NSE, BSE to do same

A year after markets regulator Sebi banned Karvy Stock Broking (KSBL) for illegally pledging client shares to raise funds for its own use, the National Stock Exchange (NSE) has declared the Hyderabad-based broking firm a defaulter and expelled it from its membership.

from Hyderabad News: Latest Hyderabad News Headlines & Live News Updates from Hyderabad - Times of India https://ift.tt/2HyOxqZ