SEBI issued a warning to Motilal Oswal Financial Services

On Tuesday, July 2, Motilal Oswal Financial Services Ltd (MOFSL) said that the Securities and Exchange Board of India (SEBI) had issued an administrative warning to the company.

According to a stock exchange filing “...we hereby inform the Exchange that the Company has received an administrative warning on July 02, 2024, issued by SEBI vide its letter dated June 28, 2024, and advised to be careful in future for minor operational related matters,”

The company stated “The SEBI conducts multiple examinations of our various regulated activities from time to time. This letter has been issued in connection with the examination carried out of the Stock Broking activities of the Company,”

About Motilal Oswal

Motilal Oswal Financial Services Limited. (MOFSL) Member of NSE, BSE, MCX, NCDEX - CIN no.: L67190MH2005PLC153397. Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022 - 71934200 / 71934263; Website www.motilaloswal.com. Correspondence Office Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel No: 022 7188 1000. Registration Nos.: Motilal Oswal Financial Services Ltd. (MOFSL)*: INZ000158836

About SEBI

The Securities and Exchange Board of India was established as a statutory body in the year 1992 and the provisions of the Securities and Exchange Board of India Act, 1992 (15 of 1992) came into force on January 30, 1992. Securities and Exchange Board of India(SEBI) describes the basic functions of the Securities and Exchange Board of India as “...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto”

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