Stockbroker

Held sway over 57% of active clients in 11 months of FY23

Regulator's approach being looked at as similar to one of different layers of NBFCs specified by RBI

They should avoid professional indemnity policies with sub-limits or high deductible

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

Registering online bond platforms as stockbrokers will ensure transparency and protect investors' rights. However, investors must ensure that they are dealing with market participants

Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"

Sebi on Thursday asked stock brokers and depositories participants to report all cyber attacks, threats and breaches experienced by them within six hours of detecting such incidents. They have to report such incidents within the specified time to the exchanges, depositories and the regulator. The incident will also be reported to the Indian Computer Emergency Response team (CERT-In) in accordance with the guidelines issued by CERT-In from time to time, according to a circular. Additionally, the stock brokers and depository participants, whose systems have been identified as 'protected system' by National Critical Information Infrastructure Protection Centre (NCIIPC) will also report such incidents to NCIIPC. "All cyber attacks, threats, cyber incidents and breaches experienced by stock brokers/ depositories participants shall be reported to stock exchanges/ depositories and Sebi within six hours of noticing/ detecting such incidents or being brought to notice about such incidents,

In a Q&A, Kailash Nadh dwells on the complexities of building fintech products and ensuring engineers fit in culturally

State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing

Risk to be divided into two broad categories--scheme-specific and AMC-specific--with further sub-divisions in each

If you are not going to trade frequently, don't leave excess cash in your trading account and make sure check weekly reports sent by the exchange carefully

Kotak Securities (KSL), a full-service broker, on Thursday announced the launch of its Trade-Free Plan, with zero brokerage on intraday trades and Rs 20 per order for all other F&O trades

Traders contend norms are stringent, no need for them when regulator has already reduced brokers' dependency on client securities and margin

Sebi also specified the activities the stockbrokers will not be allowed to carry out using PoA

Major brokerage houses are indicating a positive upside, daily chart suggests.

"Portfolio managers cannot impose a lock-in on the investment of their clients.However, a portfolio manager can charge applicable exit fees from the client for early exit," Sebi noted

Experts say playing various functions of an intermediary may not be feasible for exchanges

The decision comes after receiving a representation from stock exchanges, the Securities and Exchange Board of India (Sebi) said in a circular

Delays in transferring securities from pool account to your demat account, or in paying out money to you are signs of potential trouble

Paytm Money also offers free risk assessment and advisory investment portfolios to new users