BSE suspends Fairwealth Securities from cash equity segment

 The Bombay Stock Exchange (BSE) has suspended the trading terminals of Fairwealth Securities Ltd from the cash equity segment as the directors of the company are neither reachable or contactable and the company has also not provided data to the bourse, a stock exchange announcement said on Monday.

The BSE has also placed Fairwealth's terminals in equity derivatives, currency derivatives and commodity derivatives under the risk reduction mode (RRM).

"Trading members of the exchange are hereby informed that trading terminals of Fairwealth Securities Ltd has been deactivated in cash equity segment and have placed them in RRM in equity derivatives, currency derivatives and commodity derivatives, with effect from October 3, 2019, as the directors are not contactable and the trading member is also not providing the data to exchange," according to the BSE notification.IANS