In a circular on Tuesday, the Sebi barred stockbrokers from creating bank guarantees by pledging clients’ funds starting from May 1. Brokers must close all existing bank guarantees by September 30. The move aims to curb misuse of investors’ money.
In a circular on Tuesday, the Sebi barred stockbrokers from creating bank guarantees by pledging clients’ funds starting from May 1. Brokers must close all existing bank guarantees by September 30. The move aims to curb misuse of investors’ money.
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