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New Delhi, June 9: The Securities and Exchange Board of India (SEBI) has announced the launch of a settlement scheme specifically targeting stock brokers associated with certain algorithmic (algo) trading platforms. The scheme is set to commence on June 16, 2025, and will remain open until September 16, 2025.
In an official statement, SEBI clarified that the scheme is intended to offer a one-time settlement opportunity for stock brokers against whom regulatory proceedings have already been initiated. These proceedings are currently pending before various forums such as:
- The Adjudicating Officer
- The Securities Appellate Tribunal (SAT)
- Other courts or legal authorities
The initiative aims to expedite resolution in cases involving non-compliance or violations connected to algo trading platforms, offering eligible brokers a chance to regularize their status under SEBI's regulatory framework.
SEBI has encouraged all eligible stock brokers to make use of this limited-time window to settle pending matters and bring closure to ongoing proceedings.
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