Is it true that apparently the SEBI is going to ban a big stockbroker in India?


I've recently encountered a tweet by Nitin Bhatia saying that there's a rumor that the SEBI is going to kick off one of the largest stockbrokers in India due to some undisclosed reasons. I just wanted to know whether if anybody has an idea about it.

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LOL. Itching to guess but will not do. Brokers are operating with impunity and irresponsibly. Time has come to set an example for rest of the brokers. They must have some fear of action from regulators.

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