Sebi imposes Rs 9 lakh penalty on stock broker whose 1,103 clients were 'dependent children' aged between 34 & 100 years

SEBI penalized Stockholding Services Limited Rs 9 lakh for irregularities in client relationship data. Over 1,100 accounts had listed "dependent children" aged 34-100, violating norms. Further issues included mismatched KYC data, irregular mobile/email mapping, and inadequate due diligence.