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ANMI on NSEL case
Description
The Securities and Exchange Board of India (Sebi) orders this week barred five broking firms from dealing in commodities declaring them as not fit and proper. Among these are Motilal Oswal Commodities, India Infoline Commodities, Anand Rathi Commodities, Geofin Comtrade and Philip Commodities India. The regulator has an ongoing investigation against another 295 forms on similar charges in the NSEL case. Rajesh Baheti, president of Association of National Exchanges Members of India (ANMI) shared his views and outlook.
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