SEBI has issued a regulatory warning to IIFL Capital Services regardin….

SEBI has issued a regulatory warning to IIFL Capital Services regarding its due diligence in handling debt securities. The market regulator raised concerns about the disclosure of issue-related expenses and the timelines for payment of fees to intermediaries.IIFL Capital has clarified that there is no financial impact on its business due to the market regulator’s action. Last week, SEBI issued an administrative warning to FMCG giant Nestle India for breaching insider trading regulations. The warning, issued by SEBI’‘s Deputy General Manager, was addressed to the company’’s Compliance Officer (CCO) The company’s stock remained stable as it was trading at Rs 207.85, up 1.46 per cent on the Bombay Stock Exchange (BSE) on Tuesday. It previously banned Axis Capital and JM Financial from conducting debt merchant banking activities for non-compliance with regulatory norms. For confidential support on suicide matters call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or see www.samaritans.org for details. In the U.S. call the National Suicide Prevention Line on 1-800-273-8255 or visit www.suicidepreventionlifeline.org.

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