what investors need to know
The worst is not yet over for clients of one of the largest brokerage firms in the country, Karvy Stock Broking Ltd (KSBL). While clients have been facing hardship for the last one week, with SEBI issuing an ex-parte-ad-interim order, the exchanges now seem to have simply ended the game by suspending KSBL’s membership licence.
The NSE, through a circular dated December 2, 2019, suspended the brokerage firm from the capital market, futures & options, currency derivatives, debt, MFSS and commodity derivatives segments.Other exchanges have also followed suit. The BSE has deactivated the trading terminals of KSBL in the equity and debt segments, but has put it in the risk reduction mode (RRM) in the equity derivatives, currency derivatives and commodity segments. MCX has also followed suit in suspending Karvy in commodity trading.
0 Comments