The Securities and Exchange Board of India (SEBI) has taken significant action by cancelling the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants. This decision, announced on 30 August 2024, results from these entities failing to meet essential compliance requirements, thereby posing a potential risk to investors, as detailed in a PTI report.

SEBI's primary aim in revoking these registrations is to prevent any misuse of their status, particularly as these brokers are no longer active members of recognised stock exchanges or affiliated with depositories. The regulator stated, "This move aims to protect unsuspecting investors," emphasising the importance of maintaining a secure trading environment.

Despite the cancellations, the affected entities remain accountable for their past actions and must settle any outstanding dues to SEBI. They are also required to preserve records, address investor grievances, and ensure the continuity of services to their clients. SEBI noted that these brokers were initially granted registration under the condition that they would maintain membership in a recognised stock exchange, a requirement they no longer fulfil.

Among the stock brokers whose registrations have been cancelled are Bezel Stock Brokers, Reflection Investments, and Quantum Global Securities. The list also includes other firms such as Aanya Commodities and Destiny Securities. The seven commodity brokers affected include Wealth Mantra Commodities and Sumpoorna Comtrade.

In addition to the brokers, SEBI has also cancelled the registrations of 22 depository participants, which are entities that facilitate the holding and transfer of securities in electronic form. These participants were found to have terminated their agreements with depositories, thus failing to meet the criteria set out under the Depository Participants Regulations of 2018.

Who is a stock broker?<o:p></o:p>

A stockbroker, also known as a broker, is a financial market representative who operates in securities. Their primary job role involves obtaining purchase and sale orders and executing the same. Market participants or investors rely on their expertise and knowledge regarding market dynamics to invest in stocks and other investment options.

What are the functions of stock brokers?<o:p></o:p>

Stockbrokers offer a range of essential services to their clients, including providing informed advice on buying and selling stocks and other securities based on thorough market research. They handle transactions and related paperwork, maintain detailed records of all activities, and manage clients' investment portfolios with regular updates and responses to inquiries. Additionally, they keep clients informed about new investment opportunities and assist in adjusting investment strategies in response to changing market conditions.

Caution for Investors<o:p></o:p>

Vijay Kedia, Founder and Managing Director at Kedia Capital Services, has cautioned investors who may have a Demat account with any of the banned brokers, urging them to proceed with caution. He stated, "SEBI has banned these 39 stock brokers. If you have a Demat account with any of these, be cautious!"

The list of cancelled registrations includes:-<o:p></o:p>

1. Bezel Stock Brokers Private Limited

2. Reflection Investments

3. Action Financial Services (India) Ltd

4. Sumpoorna Portfolio Limited

5. Vineet Securities Pvt Ltd

6. Quantum Global Securities Limited

7. Wellindia Securities Limited

8. Vrise Securities Private Limited

9. Credential Stock Brokers Ltd

10. Aanya Commodities Pvt Ltd

11. Amber Solutions Pvt Ltd

12. Arcadia Share &amp; Stock Brokers Private Limited

13. C.M. Goenka Stock Brokers Pvt Ltd

14. Destiny Securities Ltd

15. Bhavesh Dhirajlal Stock Broking Co Ltd

16. Enrich Fin &amp; Securities Ltd

17. First Futures and Stocks Private Limited

18. Ganga Yamuna Finvest Private Limited

19. Gems Equities &amp; Securities Pvt Ltd

20. Indovision Securities Limited

21. Olympia Securities Limited (Investnet Securities India Ltd)

22. Century Consultants Ltd

23. Merfin (India) Ltd

24. Micro Forex Equity &amp; Derivatives Private Limited

25. Moneyflo Securities Private Limited

26. Mousumi Deb Roy (Goodluck Securities)

27. Orient Capital Markets Pvt Ltd

28. Orion Capital and Debt Market

29. Parikh &amp; Shah Finvest Pvt Ltd

30. Prem Somani Share Brokers Pvt Ltd

31. Prime Broking Company (I) Limited

32. Rusoday Securities Ltd

33. Saarc Net Limited

34. Star Share &amp; Stock Brokers Ltd

35. Unicon Securities Pvt Ltd (Unickon Securities Pvt Ltd)

36. Wealth Mantra Limited

37. Yuvraj Securities

38. Classic Share &amp; Stock Broking Services Ltd

39. Grovalue Securities Private Limited

<o:p>&nbsp;</o:p> 
The cancellation of registrations is part of SEBI's ongoing efforts to uphold the integrity of the capital markets and ensure that only compliant entities operate within this space. The regulator has emphasised that all parties involved must take necessary actions regarding any defaults or pending matters, ensuring that investor interests remain protected.

The Securities and Exchange Board of India (SEBI) has taken significant action by cancelling the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants.

The Securities and Exchange Board of India (SEBI) has taken significant action by cancelling the registrations of 39 stock brokers, seven commodity brokers, and 22 depository participants. This decision, announced on 30 August 2024, results from these entities failing to meet essential compliance requirements, thereby posing a potential risk to investors, as detailed in a PTI report. SEBI's primary aim in revoking these registrations is to prevent any misuse of their status, particularly as these brokers are no longer active members of recognised stock exchanges or affiliated with depositories. The regulator stated, "This move aims to protect unsuspecting investors," emphasising the importance of maintaining a secure trading environment. Despite the cancellations, the affected entities remain accountable for their past actions and must settle any outstanding dues to SEBI. They are also required to preserve records, address investor grievances, and ensure the continuity of services to their clients. SEBI noted that these brokers were initially granted registration under the condition that they would maintain membership in a recognised stock exchange, a requirement they no longer fulfil. Among the stock brokers whose registrations have been cancelled are Bezel Stock Brokers, Reflection Investments, and Quantum Global Securities. The list also includes other firms such as Aanya Commodities and Destiny Securities. The seven commodity brokers affected include Wealth Mantra Commodities and Sumpoorna Comtrade. In addition to the brokers, SEBI has also cancelled the registrations of 22 depository participants, which are entities that facilitate the holding and transfer of securities in electronic form. These participants were found to have terminated their agreements with depositories, thus failing to meet the criteria set out under the Depository Participants Regulations of 2018. Who is a stock broker? A stockbroker, also known as a broker, is a financial market representative who operates in securities. Their primary job role involves obtaining purchase and sale orders and executing the same. Market participants or investors rely on their expertise and knowledge regarding market dynamics to invest in stocks and other investment options. What are the functions of stock brokers? Stockbrokers offer a range of essential services to their clients, including providing informed advice on buying and selling stocks and other securities based on thorough market research. They handle transactions and related paperwork, maintain detailed records of all activities, and manage clients' investment portfolios with regular updates and responses to inquiries. Additionally, they keep clients informed about new investment opportunities and assist in adjusting investment strategies in response to changing market conditions. Caution for Investors Vijay Kedia, Founder and Managing Director at Kedia Capital Services, has cautioned investors who may have a Demat account with any of the banned brokers, urging them to proceed with caution. He stated, "SEBI has banned these 39 stock brokers. If you have a Demat account with any of these, be cautious!" The list of cancelled registrations includes:- 1. Bezel Stock Brokers Private Limited 2. Reflection Investments 3. Action Financial Services (India) Ltd 4. Sumpoorna Portfolio Limited 5. Vineet Securities Pvt Ltd 6. Quantum Global Securities Limited 7. Wellindia Securities Limited 8. Vrise Securities Private Limited 9. Credential Stock Brokers Ltd 10. Aanya Commodities Pvt Ltd 11. Amber Solutions Pvt Ltd 12. Arcadia Share & Stock Brokers Private Limited 13. C.M. Goenka Stock Brokers Pvt Ltd 14. Destiny Securities Ltd 15. Bhavesh Dhirajlal Stock Broking Co Ltd 16. Enrich Fin & Securities Ltd 17. First Futures and Stocks Private Limited 18. Ganga Yamuna Finvest Private Limited 19. Gems Equities & Securities Pvt Ltd 20. Indovision Securities Limited 21. Olympia Securities Limited (Investnet Securities India Ltd) 22. Century Consultants Ltd 23. Merfin (India) Ltd 24. Micro Forex Equity & Derivatives Private Limited 25. Moneyflo Securities Private Limited 26. Mousumi Deb Roy (Goodluck Securities) 27. Orient Capital Markets Pvt Ltd 28. Orion Capital and Debt Market 29. Parikh & Shah Finvest Pvt Ltd 30. Prem Somani Share Brokers Pvt Ltd 31. Prime Broking Company (I) Limited 32. Rusoday Securities Ltd 33. Saarc Net Limited 34. Star Share & Stock Brokers Ltd 35. Unicon Securities Pvt Ltd (Unickon Securities Pvt Ltd) 36. Wealth Mantra Limited 37. Yuvraj Securities 38. Classic Share & Stock Broking Services Ltd 39. Grovalue Securities Private Limited The cancellation of registrations is part of SEBI's ongoing efforts to uphold the integrity of the capital markets and ensure that only compliant entities operate within this space. The regulator has emphasised that all parties involved must take necessary actions regarding any defaults or pending matters, ensuring that investor interests remain protected.

SEBI cancels registration of 39 stock brokers, 7 commodity brokers

Gold and other <a href="https://www.wionews.com/business-economy/gold-hits-two-month-peak-on-dollar-weakness-us-strikes-270962">safe-haven</a>&nbsp;assets including Oil prices increased over&nbsp;$2 a barrel on Friday because of&nbsp;the US&nbsp;killing of a top <a href="https://www.wionews.com/world/rocket-attack-on-baghdad-airport-top-iran-commander-killed-271756">Iranian commander</a> in an airstrike in Iraq ratcheted up tensions between the two national powers.&nbsp;

Traders were clearly spooked. The death of Iranian <a href="https://www.wionews.com/world/president-trump-ordered-action-against-irans-quds-force-commander-soleimani-us-department-of-defence-271773">Major-General Qassem Soleimani</a>, head of the elite Quds Force, prompted Iranian Supreme Leader Ayatollah Ali Khamenei to vow revenge.

Europe's <a href="https://www.wionews.com/business-economy/oil-prices-surge-after-us-strike-kills-iranian-general-271775">stock markets</a> fell 0.5 per cent&nbsp;in early trading as hopes for a lengthy New Year rally vanished. Safe havens gained, with Japan's yen rising half a per cent to the dollar to a two-month high and the Swiss franc hitting its highest against the euro since September.

The Middle East-focused oil markets saw the most dramatic moves. <a href="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/business-economy/oil-prices-steady-on-track-for-biggest-yearly-rise-since-2016-271227&amp;sa=U&amp;ved=2ahUKEwiN_7-hm-fmAhU0yzgGHRcGDn8QFjACegQICBAC&amp;usg=AOvVaw0VUxWW0N1ASYhJBKQq-jha">Brent crude</a> futures jumped nearly $3 to $69.16 a barrel,&nbsp;also the highest since September,&nbsp;before easing back to $68.42.

"We are only into the third day of the new year, and a big fat dollop of geopolitical uncertainty has landed on investors' desks," said <a href="https://www.wionews.com/business-economy/gold-climbs-to-three-month-high-poised-for-best-year-since-2010-271231">Jeffrey Halley</a>, senior market analyst for Asia Pacific at broker OANDA.

"I am struggling to see how an Iranian riposte will not occur," he said. "Oil installations and tankers were my first thoughts."

Soleimani's Quds Force and its paramilitary proxies, ranging from <a href="https://www.wionews.com/opinions/the-killing-of-iranians-general-qasem-soleimani-and-its-consequences-271884">Lebanon's Hezbollah</a> to the PMF in Iraq, have ample means to mount a multi-pronged response.

In September, US&nbsp;officials blamed Iran for a missile and drone attack on oil installations of Saudi Aramco, the Saudi state energy giant and world's largest oil exporter. The Trump administration did not respond, beyond heated rhetoric and threats.

German Bunds and US&nbsp;Treasuries,&nbsp;the world's benchmark government bonds, caught a bid, too. Ten-year German yields, which move inversely to prices, fell further away from seven-month highs touched earlier in the week. US&nbsp;10-year yields fell 5 basis points to a three-week low.

The focus on geopolitics meant markets paid little attention to stronger-than-expected data from France, where inflation rose 1.6 per cent&nbsp;year-on-year in December, beating analyst expectations for a 1.4 per cent&nbsp;rise.

"Markets still remain quite thin after the holidays, but even in a regular session we would have seen a similar reaction," said Christian Lenk, a rates strategist at DZ Bank in <a href="https://www.wionews.com/business-economy/german-court-bans-uber-services-via-rental-cars-in-germany-269165">Frankfurt</a>. "The repercussions from the airstrike are not clearly forecastable and tensions remain high in the region."

The airstrikes in Iraq also killed top Iraqi militia commander Abu Mahdi al-Muhandis. They came after US&nbsp;Defense Secretary Mark Esper said on Thursday there were indications Iran or forces it backed might be planning additional attacks, after Iranian-backed demonstrators stormed the US&nbsp;embassy in Baghdad.

Gold, a traditional refuge for risk-averse investors, rose 1 per cent&nbsp;to a four-month high of $1,543.66. For the week, it has gained about 2 per cent, heading for a fourth consecutive weekly increase.

"After the recent escalations in geopolitical issues, we see a resistance level near the $1,575 level for the next week," said Jigar Trivedi, a commodities analyst at <a href="https://www.wionews.com/business-economy/indian-shares-slip-on-year-end-profit-booking-nifty-set-for-13-jump-in-2019-271230">Anand Rathi Shares</a> &amp; Stock Brokers in Mumbai.

Gold and other safe-haven assets including Oil prices increased over $2 a barrel on Friday because of the US killing of a top Iranian commander in an airstrike in Iraq ratcheted up tensions between the two national powers.

Gold and other safe-haven assets including Oil prices increased over $2 a barrel on Friday because of the US killing of a top Iranian commander in an airstrike in Iraq ratcheted up tensions between the two national powers. Traders were clearly spooked. The death of Iranian Major-General Qassem Soleimani, head of the elite Quds Force, prompted Iranian Supreme Leader Ayatollah Ali Khamenei to vow revenge. Europe's stock markets fell 0.5 per cent in early trading as hopes for a lengthy New Year rally vanished. Safe havens gained, with Japan's yen rising half a per cent to the dollar to a two-month high and the Swiss franc hitting its highest against the euro since September. The Middle East-focused oil markets saw the most dramatic moves. Brent crude futures jumped nearly $3 to $69.16 a barrel, also the highest since September, before easing back to $68.42. "We are only into the third day of the new year, and a big fat dollop of geopolitical uncertainty has landed on investors' desks," said Jeffrey Halley, senior market analyst for Asia Pacific at broker OANDA. "I am struggling to see how an Iranian riposte will not occur," he said. "Oil installations and tankers were my first thoughts." Soleimani's Quds Force and its paramilitary proxies, ranging from Lebanon's Hezbollah to the PMF in Iraq, have ample means to mount a multi-pronged response. In September, US officials blamed Iran for a missile and drone attack on oil installations of Saudi Aramco, the Saudi state energy giant and world's largest oil exporter. The Trump administration did not respond, beyond heated rhetoric and threats. German Bunds and US Treasuries, the world's benchmark government bonds, caught a bid, too. Ten-year German yields, which move inversely to prices, fell further away from seven-month highs touched earlier in the week. US 10-year yields fell 5 basis points to a three-week low. The focus on geopolitics meant markets paid little attention to stronger-than-expected data from France, where inflation rose 1.6 per cent year-on-year in December, beating analyst expectations for a 1.4 per cent rise. "Markets still remain quite thin after the holidays, but even in a regular session we would have seen a similar reaction," said Christian Lenk, a rates strategist at DZ Bank in Frankfurt. "The repercussions from the airstrike are not clearly forecastable and tensions remain high in the region." The airstrikes in Iraq also killed top Iraqi militia commander Abu Mahdi al-Muhandis. They came after US Defense Secretary Mark Esper said on Thursday there were indications Iran or forces it backed might be planning additional attacks, after Iranian-backed demonstrators stormed the US embassy in Baghdad. Gold, a traditional refuge for risk-averse investors, rose 1 per cent to a four-month high of $1,543.66. For the week, it has gained about 2 per cent, heading for a fourth consecutive weekly increase. "After the recent escalations in geopolitical issues, we see a resistance level near the $1,575 level for the next week," said Jigar Trivedi, a commodities analyst at Anand Rathi Shares & Stock Brokers in Mumbai.

Global Markets: Oil, gold, safe haven assets prices rose as US strike kills Iranian commander

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