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NSEL crisis: Over 30 brokers under regulatory scanner

These brokers were apparently working as Carrying and Forward (C&F) agents as well for National Spot Exchange (NSEL) without checking the veracity of commodities lying in the warehouses, and kept investors in the dark about non-availability of commodities on which their clients were taking positions.

first published: Dec 4, 2013 06:01 pm

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