Sebi cancels registration of Bharat Bhushan Finance and Commodity Brokers in NSEL case

The Securities and Exchange Board of India (SEBI) has cancelled the registration of Bharat Bhushan Finance and Commodity Brokers and asked them to let existing clients withdraw or transfer funds within 15 days, after it participated in unauthorised paired contracts on the defunct National Spot Exchange Ltd (NSEL). The regulator has also barred Capital Gain Research’s proprietor Ruchit Gupta from the securities market for six months and asked him to refund investors’ money collected through unauthorised investment advisory services within three months