SEBI penalises 2 brokerages in NSE Co-Location case

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    Mumbai, April 16 | Capital market regulator SEBI has fined brokerage firms, PRB Securities Private Ltd and CPR Capital Services, in the NSE Co-Location matter for violation of norms.

    The regulator has imposed a total fine of Rs 6 lakh on the PRB Securities and Rs 12 lakh on CPR Capital Services.

    The SEBI said that it had received multiple complaints pertaining to allegations of malpractices with respect to the co-location facility being provided by the National Stock Exchange of India Ltd (NSE).

    In the wake of allegations of preferential access to Tick-byTick (TBT) data feed given by the NSE to certain trading members (TMs), the matter was taken up for investigation by the SEBI.

    PRB Securities was one of the trading members identified for comprehensive investigation, including forensic audit for primary and secondary server connects.

    In the case of PRB Securities, the regulator said that the brokerage was connected to the secondary server for 215 days in the cash market segment during the investigation period and the secondary server connections in the F&O and currency derivatives segments are only on 45 days and 6 days, respectively, during the investigation period.

    “I also note that the Noticee was not reprimanded by NSE for the violations, unlike some other brokers who had more frequent secondary server connections,” said Adjudicating Officer, Prasanta Mahapatra in the order copy.

    “However, it is established that the Noticee has failed to comply with aforesaid guidelines and hence violated the aforesaid provisions of Code of Conduct specified under Stock Broker Regulations, 1992 and PFUTP Regulations, 2003,” the order said.

    Regarding CPR Capital, a separate order copy said that the noticee connected to the secondary server in the cash market (CM), futures and options (F&O) and currency derivative (CD) segments during the relevant period even after reprimand from the NSE and also failed to provide complete information during the investigation.

    The SEBI noted that CPR Capital has failed to comply with the guidelines, also failed to provide complete information during investigation and hence, violated SEBI regulations.

    Both the brokerages have been directed to pay the penalty within 45 days of receipt of the order.

    In February, SEBI had imposed an overall penalty of over Rs 5 crore on brokerage firm OPG Securities Private Ltd, along with its promoter and MD Sanjay Gupta, and two other Directors in the matter.

    OPG Securities used the NSE system to its advantage by hiring Nagbhusan Bhat, who was working with Omnesys Technologies, to figure out which server was working better.

    The brokerage also allegedly made certain arrangements with NSE datacentre staffer named Jagdish Joshi who would inform it of the time when the servers would start, and therefore, they could be the first to connect.

    The co-location case which dates back to 2015 sparked controversy when a whistleblower wrote to the SEBI alleging the NSE was giving a few high-frequency brokers preferential access to its servers by allowing them to place their servers in the NSE premises that benefited both the parties at the cost of others.

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.

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