Prevention of Unauthorised Trading by Stock Brokers

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..... z 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 derivative markets require that "The members shall execute the trade of clien .....

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..... 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. V. This circular shall be effective with effect from 1st January 2018. VI. The Stock E .....

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