Motilal Oswal Financial Services Limited Settles Algo Platform Investigation with SEBI
Mumbai – March 19, 2026 – Motilal Oswal Financial Services Limited announced today that it has settled an investigation initiated by the Securities and Exchange Board of India (SEBI) concerning its association with certain algorithmic (algo) platforms.SEBI previously observed that some algo platforms displayed strategies offering assured returns, and that certain SEBI-registered stock brokers, including Motilal Oswal Financial Services Limited, were associated with these platforms. The regulator's examination revealed that Application Programming Interfaces (APIs) of 122 stock brokers were integrated with platforms describing strategies with guaranteed returns or consistent profits.
To address the matter, SEBI introduced a settlement scheme titled the ‘Settlement Scheme on Association with Certain Algo Platforms, 2025.’ The company submitted the necessary details and paid the applicable settlement amount through SEBI's online platform to avail the benefits of this scheme.
As a result of the settlement, SEBI has ordered that pending enforcement proceedings against the company related to the identified violations stand settled. The company has already taken corrective measures to address the observations made by SEBI.
The company stated that the settlement has no material impact on its financial, operational, or other activities, apart from the payment of Rs. 1,00,000 as the settlement amount.
| Sr. No. | Particulars | Details |
|---|---|---|
| 5 | Brief summary of the material contents of the communication received, including reasons for receipt of the communication | SEBI initiated investigation concerning the association of the Company with certain algo platforms offering assured returns. |
| 7 | Expected financial implications on the listed company, if any | No material impact on financial, operation or other activities of the Company apart from the said settlement amount of Rs.1,00,000/-. |
| 9 | Details of any penalty or restriction or sanction imposed pursuant to the communication | There is no Penalty levied by SEBI. However, as a part of settlement scheme, the Company has paid Rs.1,00,000/- as settlement amount. |
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