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Stock brokers News

25 Sep 2017

Sebi gives more time to brokers for data on clients' funds

Accordingly, in view of the operational difficulties being faced by the stock brokers, Sebi asked them to "submit the data as on the last trading day of every month to the stock exchanges on or before the next three trading days till March 31, 2018".

01 Aug 2017

BSE asks brokers to submit information on client funds

The brokers are required to submit the data on clients' funds lying with them, on the last trading day of every month on or before the next trading day.

03 May 2017

Market intermediaries can now register online with Sebi portal

Stock brokers, merchant bankers and other market intermediaries can now register online, with regulator Sebi operationalising a portal for the purpose.

17 Oct 2016

Submit internal audit report by December 31: BSE to brokers

BSE Monday directed brokers to submit internal audit report for the first half of the current financial year in electronic form by December 31.

27 Sep 2016

Sebi adds muscle to supervisory framework for stock brokers

Putting in place enhanced supervisory framework for stock brokers, Sebi has issued a detailed set of guidelines to monitor their financial strength and detect any misutilisation of clients' funds.

26 Sep 2016

Sebi enhances supervisory framework for stock brokers

Putting in place enhanced supervision framework for stock brokers, Sebi on Monday issued a detailed set of guidelines for monitoring of their financial strength as well as detecting any misutilisation of clients' funds.

01 May 2016

Sebi to up vigil to check misuse of investor money by brokers

To check any possible misuse of investors' money, markets regulator Sebi will soon put in place a mechanism for enhanced supervision of stock brokers and wants stock exchanges to evolve an automated alert-generation system for flagging suspicious activities.

21 Mar 2016

BSE forum opposes higher entry bar for stock brokers

A group of BSE brokers has opposed regulator Sebi's move of raising entry bar by mandating higher financial parameters on market intermediaries, saying it will lead to indirect cartelisation and weed out smaller players.

09 Mar 2016

Sebi allows cross currency futures in multiple pairs

Markets regulator Sebi on Wednesday allowed stock exchanges to introduce cross-currency futures and exchange traded cross-currency option contracts in multiple currency pairs.

17 Feb 2016

SEBI bars 22 brokers for 'tax evasion' trades of Rs 8,100 crore

Continuing its crackdown on misuse of stock exchange system for tax evasion, regulator SEBI Wednesday barred 22 brokers from securities market for executing 'reversal trades' worth over Rs 8,100 crore to generate fictional profits or losses.

08 Sep 2015

SEBI to enhance supervision on stock brokers

The Securities and Exchange board of India (SEBI) is planning to enhance supervision on stock brokers after they defaulted on 20 billion rupees of investor fund.

20 Jul 2015

Brokers get more time to give info on risk-based supervision

Top bourses BSE and NSE Monday extended the deadline for brokers to submit necessary details for putting in place the new risk-based supervision model.

04 Jun 2015

Cash market brokers' count halves in April

The number of stock brokers operating in the cash segment almost halved to 3,195 in April this year, while a dip was seen in the numbers of sub-brokers and that of brokers in equity and currency derivatives markets as well.

20 May 2015

Sebi slaps Rs 3.3-cr fine on 59 entities in Richa Industries case

Among the 59 entities, two stock brokers Cholamandalam Securities and Mangal Keshav Securities have been penalised Rs 7 lakh each for executing the fraudulent and manipulative trades on behalf of their clients belonging to their groups.

05 Apr 2015

Brokers under scanner for moving investors' money abroad

Interestingly, all the five brokers are based in the national capital region and at least two of them have already faced market regulator Sebi's ire for various discrepancies.

29 Dec 2014

Brokers get more time to give info on risk-based supervision

As stock market authorities prepare a new framework for risk-based supervision of various market entities, top exchanges BSE and NSE have extended the deadline for brokers to submit necessary details for putting in place this new model.

18 Dec 2014

Strengthen investor grievance redressal mechanism: Sebi to cos

"All listed companies and Sebi registered intermediaries shall review their investors grievances redressal mechanism so as to further strengthen it and correct the existing shortcomings, if any," Sebi said in a circular.

26 Oct 2014

Brokers may face joint-inspection by stock exchanges

To put in place a more effective system for monitoring brokers so as to check unfair trade practices and frauds, capital markets regulator SEBI is mulling over a proposal to allow stock exchanges to conduct 'joint inspection' of their members.

Sebi notification

22 Oct 2014

SEBI says some brokers can take prop positions in FX derivatives

The notification concerned rupee contracts against the U.S. dollar, the euro, the British Pound, and the Japanese Yen, the Securities and Exchange Board of India said, which would apply to stock brokers that are not banks.

21 Sep 2014

Sebi mulls prudential governance norms for stock brokers

Capital markets watchdog Sebi is now mulling over a new set of Prudential Governance Norms for stock brokers to safeguard investors' interest.

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