Before diving into the recent SEBI actions, let’s first know a little about who Authorized Persons (APs) are. In simple terms, APs are like sub-brokers who bridge the gap between a broker and its clients. They play crucial roles, such as bringing in new clients, and executing buy and sell orders on behalf of clients […]
In March 2023, SEBI issued a show-cause Notice against Arshad Warsi & his wife Maria Goretti who were found to be involved in the Pump & Dump schemes of one of the listed stocks Sadhana Broadcasting. Yes, the same company is running the Sadhana channel with various programs to detach oneself from worldly things. But
Imagine you’re thinking of investing in a company. The first thing you’d probably check is the company’s financial health, right? Now, what if that company’s annual report was full of manipulated data? Scary, right? This is exactly what happened to the retail investors of Brightcom Group Limited, where even the CEO was involved in the
Every day, retail traders find themselves hit with penalties from brokers for margin shortfalls. But is this even legal? Can brokers really charge such penalties? Many traders, unaware of their rights, end up paying these penalties, which just adds to their losses. Fortunately, there are retail traders like Jasmine Thumar, who stayed aware with SEBI
One man’s complaint led to refunds for countless others! You never know how one action can help others, and this case is a perfect example. A retail trader filed a complaint against an unregistered advisory service and ended up not only getting a refund of his fees but also helping others who fell victim to
The case covered in January 2024 on our YouTube Channel detailed an incident that forced a broker to file a complaint against one of his clients. However, what emerged proved to be destructive for the stockbroker himself. How? Let’s dive into the details. So, the dispute was between one of the leading stock brokers IIFL
