In my quest to protect the interests of small investors, and protect against fradulent activities by brokers, relationship managers and operators in the Indian stock markets, I undertook a study of how to ensure that brokers are continuously on their feet to provide a safe trading environment.
After reading through the SEBI site I found one May 2003 regulation that SEBI has passed which prevents brokers from fradulent dealings. Any contravention of this regulation can trigger an inquiry and suspension. The least is to make the broker pay a HEFTY FINE.
I have come across sub-brokers and associates who have cheated by overtrading a simple woman of her life savings. She and many of you can use this regulation if the broker, subbroker or associate has cheated you, by falsely inducing you in to trading or even by operating with your shares.
This regulation is simple to read and also just 23 pages in double-lined text. Do not ignore downloading and keeping a copy and wave it everytime your relationship manager, or broker, tries to hoodwink you.
You will be surprised how protected you are by Sebi.
http://www.sebi.gov.in/acts/futpfinal.html
cheers,
nkpanjiyar
courtesy: Bob
After reading through the SEBI site I found one May 2003 regulation that SEBI has passed which prevents brokers from fradulent dealings. Any contravention of this regulation can trigger an inquiry and suspension. The least is to make the broker pay a HEFTY FINE.
I have come across sub-brokers and associates who have cheated by overtrading a simple woman of her life savings. She and many of you can use this regulation if the broker, subbroker or associate has cheated you, by falsely inducing you in to trading or even by operating with your shares.
This regulation is simple to read and also just 23 pages in double-lined text. Do not ignore downloading and keeping a copy and wave it everytime your relationship manager, or broker, tries to hoodwink you.
You will be surprised how protected you are by Sebi.
http://www.sebi.gov.in/acts/futpfinal.html
cheers,
nkpanjiyar
courtesy: Bob