NSE issued a circular last week stopping brokers from sharing any brokerage as a referral incentive unless that person is registered as an authorized person with the exchanges...
SEBI issued a new circular mandating all market infrastructure institutions, like stock exchanges, to be "true to the label" in how they levy charges...
If I were to look back on the 11 years of Zerodha, we are most proud of building a business that continues to innovate, & prioritise customer interest over business growth constantly...