Thursday, September 15, 2011

BROKERS TO BE FINED FOR NOT COLLECTING MARGIN MONEY

Securities & Exchange Board of India (SEBI) has asked stock exchanges to impose heavy penalty on
brokers allowing theirs clients to trade in derivative market without sufficient margin in money and said that fines could be as high as the shortfall of funds, while the minimum penalty is 0.5 % of the shortfall of margin money, the penalty could be as high as 100%.

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