SMD Circular No. 15 dated June 26, 2002

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..... It has come to our notice that the exchanges are not entertaining the claims against the defaulter member for compensation from the Investor Protection Fund/ Customer Protection Fund (IPF/ CPF) where the clients have dealt through the registered sub-broker of the defaulting broker. It is brought to the notice of the exchanges that the investors who have dealt with the member brok .....

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