Market regulator Sebi has settled proceedings against 91 commodity brokers in the National Spot Exchange Ltd (NSEL) matter, with several entities agreeing to temporary restrictions on proprietary trading and taking up new clients in the commodity segment.
This is part of a settlement scheme, introduced by Sebi for commodity brokers who traded on the now-defunct NSEL platform. The scheme remained open from August 25, 2025, to February 25, 2026.
In its settlement order dated September 9, Sebi said, "A total of 91 entities availed the benefit of the scheme and remitted the specified settlement amount".
Under the settlement terms, several brokers have agreed to a six-month voluntary debarment from trading in proprietary capacity and from taking up new clients in the commodity segment, while some have accepted a one-month restriction, the order noted.
Further, a number of applicants have no voluntary debarment condition.