News From Press Sebi bans transfer of clients’ securities to broker accounts

Sebi bans transfer of clients’ securities to broker accounts

In November, Sebi had barred Karvy Stock Broking from taking new brokerage clients

Economic Times Feb 26, 2020

Markets regulator Sebi on Tuesday banned transfer of clients' securities to demat accounts of trading and clearing members.

Against the backdrop of Karvy Stock Broking Ltd (KSBL) incident, the watchdog has now put in place stringent norms to prevent misuse of clients' securities that are available with trading and clearing members, and depository participants.

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