Power of Attorney to Brokers

#1
We all give power of Attorney to our brokers
And we normally dont read them and very few must have taken a xerox copies after we sign the a/c opening forms with brokers
Nseindia has put up a pdf file which contains all the details of types of POA are there and what type of Poa we have given to our brokers.
Brokers are very shrewed and their Rm's have many time misused many investors funds and shares in demat .
We say our shares are in demat with Nsdl or Cdsl but our POA gives them full power . It is like we have given our online bank password to the broker's Rm whom we have not seen or met and then when problem arises these same brokers are not ready to listen us.

So beware before signing on the dotted line otherwise the same story would be repeated of 2008 when funds and stocks were all used by these Rm and broker nexus.

It is only if we become vigil then and then only these brokers will not cheat us.
Download it from the below link
http://www. nseindia. com/content/press/total_poa.pdf
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