SEBI proposes ring-fencing clients' money if broker goes bust

Last Updated: Thursday, April 18, 2013, 19:59

With an aim to safeguard investor interest in the event of default or bankruptcy of brokers, market regulator SEBI on Thursday proposed to ring fence clients' money and collaterals from such risks through steps like greater Internet-based trades and faster settlements.

SEBI cancels registration of 'unfit' brokers

Last Updated: Monday, March 25, 2013, 22:10

SEBI Monday ordered cancelling of registration of a stock broker and that of a sub-broker in two different cases, after they failed to meet the 'fit and proper' criteria for operating in the stock market.

Brokers to get alerts on suspicious trades in client accounts

Last Updated: Sunday, March 10, 2013, 10:25

Leading bourses BSE and NSE have put in place a mechanism that will generate automated alerts for stock brokers whenever suspicious transactions are detected in their clients' accounts.

SAT asks Sebi to expedite order against Pinac Stock Brokers

Last Updated: Friday, January 11, 2013, 19:06

SAT said that once the parties give their replies, Sebi should pass the final order within three months from that date.

Number of registered FIIs falls for first time in 5 yrs

Last Updated: Sunday, December 23, 2012, 12:51

In first decline in five years, the number of Foreign Institutional Investors (FIIs) registered in India has dipped to 1,755 this year, although their investments have grown sharply.

Minimum capital deposit for stock brokers hiked to Rs 50 lakh

Last Updated: Wednesday, December 19, 2012, 19:59

Market regulator SEBI Wednesday increased the minimum capital deposit required to be maintained by a stock broker to up to Rs 50 lakh, from a maximum of Rs 10 lakh earlier, to safeguard against any risks posed by them to the overall market.

Sebi drops charges against Pioneer TCP Stock Brokers

Last Updated: Monday, November 5, 2012, 19:25

"...The alleged violations of providing trading terminals at the office address of its clients, who acted as unregistered sub-brokers is not established beyond doubt... hereby exonerate Pioneer TCP Stock Brokers (PTCP). Accordingly the matter is disposed of," Sebi said.

SEBI declines revoking ban on Pinac Stock Brokers

Last Updated: Thursday, November 1, 2012, 22:26

Market regulator SEBI has declined to revoke the ban restraining Pinac Stock Brokers from the securities market with regard to alleged irregularities in the initial public offering of Tijaria Polypipes.

Brokers to face 10-fold higher penalty for non-PAN clients

Last Updated: Tuesday, October 30, 2012, 19:13

Leading bourses NSE and BSE have proposed 10-fold hike in penalty on brokers for trades conducted on behalf of clients without registering their PAN to Rs 10,000 per day for each such client.

'Majority of retail investors stick to equity MF investments'

Last Updated: Friday, October 26, 2012, 22:06

Notwithstanding volatility in the stock market, over 60 percent of retail investors have stuck to their investments in equity mutual fund schemes for more than two years, rating agency Crisil has said.

Sebi probes brokers under money laundering, terror fund rules

Last Updated: Sunday, September 9, 2012, 10:43

As many as 35 stock brokers have been probed by capital market regulator Sebi for possible lapses in controls related to money laundering and terror financing, and further action may be taken soon in these cases.

No service tax on late payment charges by stock investors

Last Updated: Sunday, December 11, 2011, 14:03

Stock market investors would not have to pay any service tax on any late payment charges paid by them to their brokers, provided such fines are shown separately in the account statement.