RETURN IDLE CASH TO INVESTORS
Concerned over brokers misusing funds lying in investors' trading accounts, market regulator SEBI
has asked the broking entities to return the clients' unutilized cash at the end of every month or quarter. Although some resisting the move citing high costs associated with such frequent transfers of funds to and from the clients' accounts, SEBI has also asked them to transfer within a day the funds withdrawn by the investors.
has asked the broking entities to return the clients' unutilized cash at the end of every month or quarter. Although some resisting the move citing high costs associated with such frequent transfers of funds to and from the clients' accounts, SEBI has also asked them to transfer within a day the funds withdrawn by the investors.
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