Indian Trading League / SAMCO

Guys, anyone here has checked the Medals & Rewards given by Samco in ITL-2?
If someone achieves Master level in the Medals tally, full brokerage of the year will be refunded as Rewards (max. Rs.50k). But while checking their rules, it seems that they have made it very very rare to get 25 Gold medals after capping, so even if you got 50 Gold medals, you may not have 25 Gold medals after capping and you may not get Brokerage Refund. It seems lucrative on first instance but after going through the details, it looks deceiving.
 
Looks like SEBI doesn't want Indian trading league, circular on BSE. http://www.bseindia.com/markets/Mar...43060D5C9E2}&noticeno=20160812-22&dt=08/12/20

As per the communication received from SEBI, regarding leagues/schemes/competitions etc offered by third party or Group Company/associate of stock broker, which may involve distribution of prize monies and advertisements issued in this regard by Stock Brokers, Trading Members are hereby advised to ensure that they shall not carry out advertisements in which celebrities form part of the advertisement.
 

bpr

Well-Known Member
Looks like SEBI doesn't want Indian trading league, circular on BSE. http://www.bseindia.com/markets/Mar...43060D5C9E2}&noticeno=20160812-22&dt=08/12/20

As per the communication received from SEBI, regarding leagues/schemes/competitions etc offered by third party or Group Company/associate of stock broker, which may involve distribution of prize monies and advertisements issued in this regard by Stock Brokers, Trading Members are hereby advised to ensure that they shall not carry out advertisements in which celebrities form part of the advertisement.
too much ....
 

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