News & Media 24th May 2024

MC Investigation: Employees, vendors of brokers, MIIs allegedly profit from sale of client data to illegal advisories, PMS firms

Authors

Manendra Singh Partner | Mumbai

Latest Thought Leadership

Alerts & Updates 17th Mar 2025

Trade Update – February 4, 2024

Read More
News & Media 13th Mar 2025

SC showdown: Top lawyers to face-off for 28% GST gaming case on March 18

Read More
Articles 12th Mar 2025

Platform economy faces regulatory heat on price parity agreements

Read More
Alerts & Updates 12th Mar 2025

BIS Update: Compulsory use of Standard Mark for Various Chemicals

Read More

Employees and third-party vendors of market intermediaries and even market infrastructure institutions (MIIs) seem to be earning well from a thriving, illegal business of selling investors’ personal and trading data. They are said to be selling it to database sellers, who then sell it to illegal investment advisories and portfolio management services (PMSes), tipsters, unregistered algo sellers, stock-market training schools and so on.

The recent article “MC Investigation: Employees, vendors of brokers, MIIs allegedly profit from sale of client data to illegal advisories, PMS firms” authored by moneycontrol.com’s Asha Menon throws light on this issue with expert comments from our Partner Manendra Singh.

Read the article here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.