NSE co-location case: Sebi partially relaxes orders against 3 stock brokers

Markets regulator Sebi Friday partially relaxed orders against three stock brokers in NSE's co-location facility case by allowing them to close the open positions in F&O and currency derivatives segments within two months. The directions have been relaxed in the case of OPG Securities Pvt Ltd, Way2Wealth Brokers Pvt Ltd and GKN Securities. On Tuesday, Sebi had barred OPG Securities and its three directors from markets for five years, while Way2wealth and GKN Securities were asked to not undertake any trade on any stock exchange on proprietary account for two years. The Securities and Exchange Board of India's (Sebi) ruling came after it found the three brokers guilty of misconduct in NSE's co-location case. Following the order on Tuesday, Sebi said, it is understood that the three brokers are holding open positions in futures and options (F&O) and currency derivatives segments at the end of trading on April 30, 2019, which need to be closed. It is clarified that the directions

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