Prevention of Unauthorised Trading by Stock Brokers

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..... as taken several steps to tackle the menace of Unauthorized Trades viz Periodic Running Account Settlement, Post transactions SMS/email by exchanges/Depositories, Ticker on broker/DP websites etc. It was observed that in spite of measures taken, a considerable proportion of investor complaints is of the nature of Unauthorized Trades . II. The current regulatory requirements in commodity deri .....

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..... r legally verifiable record. When dispute arises, the burden of proof will be on the broker to produce the above records for the disputed trades. IV. Further, wherever the order instructions are received from clients through the telephone, the stock broker shall mandatorily use telephone recording system to record the instructions and maintain telephone recordings as part of its records. .....

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