Sebi orders attachment of bank, demat accounts of Karvy Stock Broking, its CMD

The Securities and Exchange Board of India (SEBI) has ordered the attachment of bank and demat accounts belonging to Karvy Stock Broking and its Chairman and Managing Director (CMD). This action is part of an ongoing investigation into alleged financial irregularities and mismanagement by the brokerage firm. SEBI’s move aims to secure assets and ensure that the firm complies with regulatory requirements. This order underscores SEBI’s role in enforcing market regulations and protecting investor interests amid financial misconduct allegations.