News & Media 13th Jun 2024
The Securities and Exchange Board of India (SEBI)’s crackdown on stockbrokers’ misuse of client funds and securities has resulted in a significant fall in compensation claims filed by defrauded investors since the peak during the Karvy scandal.
Our Counsel K.C. Jacob talks to Akshata Gorde from Financial Express (India) in her authored piece, “Compensation claims plunge as SEBI crackdown intensifies” on this issue.
He says, “To protect investors and avoid any misuse or manipulation, Sebi has overhauled the entire regulatory framework for stockbrokers, making it full-proof by monitoring every movement of funds and securities”.
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