SEBI Settles Algo Platform Violations with 111 Brokers, Collects Rs 1.11 Crore

• SEBI approved settlement applications from 111 stockbrokers involved with algo trading platforms that allegedly promised assured returns.
• The cases stemmed from an examination into algo platforms marketing trading strategies with 'guaranteed returns' or 'consistent profits'.
• SEBI initiated adjudication proceedings against brokers for violating algo trading circular and broker conduct norms.
• The 'Settlement Scheme on Association with Certain Algo Platforms, 2025' allowed brokers to settle proceedings by paying a prescribed amount without admitting guilt.
• Each of the 111 brokers paid Rs 1 lakh, totaling Rs 1.11 crore; proceedings against them will not continue, but settlement can be revoked if conditions are breached.