Sebi has modified the running account settlement rules to prevent the unauthorised use of client funds by stock brokers.
The statement comes in the wake of complaints reportedly being received by Axis Mutual Fund from stock brokers about fund managers punching in trades on behalf of the fund at values much higher than the market
These stock brokers have been declared as defaulters for non-compliance with the regulatory provisions of the bourse. In addition, they have been expelled from the membership of the exchange
Sebi wants bond transactions to be routed through the stock exchange platform. Aims to provide retail investors with robust risk management and surveillance mechanism for fair and transparent pricing, settlement, exit...
Mirae Asset has launched its stockbroking service and app called ‘m.Stock’, and hopes to capture a significant market share in the industry, owing mainly to its pricing and other USPs
Sebi has released modifications in the cyber security and cyber resilience framework for stock brokers and depository participants in order to safeguard investor interest.