RTG Share Broking settles case with Sebi, pays Rs 2.55 lakh

RTG Share Broking Ltd has settled a case with markets regulator Sebi related to alleged violation of norms after paying Rs 2.55 lakh towards settlement.
The regulator had initiated adjudication proceedings against RTG for violating Sebi (Depositories and Participants) Regulations, among others.
While the proceedings were in progress, the firm had submitted an application for their settlement.
The settlement terms as proposed by RTG were considered by the regulator's internal committee and placed before the High Powered Advisory Committee (HPAC).
After considering the facts of the case, HPAC recommended for its settlement on payment of Rs 2.55 lakh by the firm.

Last week, RTG paid the settlement amount following which the Securities and Exchange Board of India (Sebi) settled the case.
However, Sebi said that enforcement action can be initiated against the firm if any representation made by it in the present settlement proceedings is subsequently discovered to be untrue.