Mumbai: Market Regulator SEBI has imposed a fine of Rs 25 lakh for several wrong commercial practices, including sharing the company’s announcements with its paid customers before being published on their website. The BSE was also fined to allow client code modifications for trades between two unrelated institutional customers without any hard work. The order used strong words, stated its acts as “omission, laxity and negligence as a certain amount of dull approach”, which should not be “accepted” because such acts were done by “the first level of the regulator”, which is exchanged. “At stake was the sanctity of the exclusive regulatory duty of BSE. Such duties, if allowed to be violated with impurities, will be a serious blow to the image of BSE and SEBI. ,
