Sebi has also banned Karvy Stock Broking and Parthasarathy from dealing in securities for seven years.
source https://www.livemint.com/news/world/karvy-broking-fined-12-crore-former-chairman-penalized-7-crore-by-sebi-banned-from-dealing-in-securities-for-7-years-2-associate-companies-asked-to-return-1-442-crore-to-clients-within-3-months-11682704310368.html
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