Shares of India's IIFL Securities fell as much as 19.2% on Tuesday, a day after the country's markets regulator barred its stockbroking unit from taking on any new clients for two years, alleging misuse of client funds in 2013-14.The Securities and Exchange Board of India (SEBI) on Monday said IIFL Securities was involved in the mixing of clients' funds with its own funds, utilizing credit balances in one client's accounts for the needs of another.
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