Sebi proposes separating brokers from investors' money1 min read 17 Jan 2023, 03:32 PM IST
In its consultation paper, Sebi said the proposed introduction of a blocking of funds facility for trading in secondary markets will prevent misuse of client funds, brokers' defaults and the consequent risk to investors' capital
Capital markets regulator Sebi on Tuesday proposed to discontinue the current practice of an advance transfer of funds to stockbrokers before secondary market trades are executed.
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