The Securities and Exchange Board of India (SEBI) has appointed a three-member panel to adjudicate in the on-going National Spot Exchange (NSEL) scam. The initial probe in the case had revealed that some brokers involved in the NSEL’s Rs 5,574 crore payments crisis had mis-sold products. The investigations have concluded last month and the case has been referred to a bench under Section 11 (B) of SEBI, which protects the interest of the market, says a Livemint report .
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