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SUMMARY
In its order dated May 14, SEBI alleged that Groww violated multiple norms of the securities contract regulations, stock brokers regulations, among others
SEBI further said that the investment tech startup was offering non-securities services such as UPI payments, lending and bill payments via its trading app, which could have exposed users to personal financial liability
This comes just a day after Groww paid INR 34.12 Lakh to SEBI to settle a separate case that alleged that the platform suffered a technical glitch, which…
