<p>The Securities and Exchange Board of India on Monday banned IIFL Securities from onboarding any new client for two years as a stockbroker in a case related to alleged misuse of client funds.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/sebi-calls-for-urgent-action-against-zee-entertainment-promoters-in-its-reply-to-sat-1228911.html" target="_blank">Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT</a></strong></p>.<p>The case dates back to alleged violations of the rules of Sebi in 2013-2014.</p>
<p>The Securities and Exchange Board of India on Monday banned IIFL Securities from onboarding any new client for two years as a stockbroker in a case related to alleged misuse of client funds.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/sebi-calls-for-urgent-action-against-zee-entertainment-promoters-in-its-reply-to-sat-1228911.html" target="_blank">Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT</a></strong></p>.<p>The case dates back to alleged violations of the rules of Sebi in 2013-2014.</p>