Page 4 - Brokers

Settlement scheme to be extended for 150 brokers from December 19

The scheme ends on January 19, 2023; terms and conditions will be made available on date of commencement

"Differentiated offerings should be the criteria for selecting a broker"

In this interview with Sanjay Kumar Singh, Associate Editor, Business Standard, Tejas Khoday, chief executive officer and co-founder, Fyers, dwells at length on the criteria you should apply while selecting a broker.

Funds mismatch under new settlement process may invite stricter Sebi norms

According to the new mandate, stock market brokers are required to transfer unused funds back to the client's account at least once each quarter

Running accounts Settlement: New Sebi guidelines in motion from Friday

However, industry experts feel that with tighter rules, brokerages will need to have higher working capital and will involve operational risk of transferring large amounts

Sebi working on new ASBA-like payment system for secondary trades: Buch

Sebi's planned move could upend Rs 30,000-crore broking industry

Demat a/cs maintained by stock brokers need to be tagged by June-end: Sebi

Credit of securities will not be allowed in any demat account left untagged from July 1 onwards. However, credits on account of corporate actions will be permitted, the Sebi said in a circular.

Give real estate brokers quoting below-market prices a wide berth

Stick to RERA-registered brokers, preferably the tech-savvy kind, and look for deep knowledge of the micro-market you are interested in

NSE Co-location Scam: CBI seizes digital devices from brokers after raids

The Central Bureau of Investigation (CBI) has recovered incriminating documents, digital devices and other crucial evidences during raids conducted at 10 places belonging to different brokers in connection with the co-location scam involving Chitra Ramkrishna, former MD & CEO of National Stock Exchange (NSE), and Anand Subramanian, the ex-Group Operating Officer of NSE.

Relief for brokers as Sebi relaxes norms for calculating peak margins

Broker's lobby had requested a change in the procedure for upfront collection of peak margins from clients in both cash and derivatives segment

Sebi pushes timeline to segregate and monitor collateral at client level

Sebi further defers new margin rule to May 2

Battered Paytm gets its first bullish rating from a major broker

Morgan Stanley has started coverage on the digital payments startup with an overweight rating and a price target of 1,875 rupees, which implies 43% upside from Tuesday's close

Brokers want time limit be imposed on Sebi to issue show-cause notices

At present, the Securities and Exchange Board of India Act, 1992 does not prescribe any period of limitation for issuance of a show-cause notice (SCN) or for completion of the adjudication proceeding

API developers rankled by Sebi algo papers, plan to approach regulator

Classifying all API orders as algo could stifle innovation: Industry players

CDSL glitch hits sell orders, brokers allow clients to skip authorisation

Market players said issue was with CDSL's portal used for authorising debit of securities from demat accounts. The system was set up last year to prevent misuse of power of attorney by brokers

Sebi seeks to hike net worth requirement for brokers as defaults spike

Industry players said the latest proposals will put further pressure on the brokers, who have been grappling with several regulatory changes

Markets regulator Sebi cancels registration certificates of two brokers

The brokers were members of NSEL and had facilitated trading in paired contracts on the NSEL platform.

Top five digital brokers corner over half of industry's active client base

Despite breakneck growth, not all brokers are consistently churning out a profit

This derivatives trader chose financial education over brokerage business

The man who hates seeing people losing money started Kredent InfoEdge, whose two platforms offer video courses on investing and a base for learners to dive into stock fundamentals and technicals

Sebi gives more time to brokers, clearing members to comply with rules

The watchdog has also given time till December 31 to brokers for operating the trading terminals from designated alternate locations

NSE clarifies on Nifty Futures 'freak trade', seeks explanation from broker

'Since order was within the operating range, the order matched with existing sell orders in the order book and two trades got executed at a price within the trade execution range,' says stock exchange