Business Standard

Here's how you can ring-fence your funds and securities from brokers

If you leave too much money lying in your trading account or hand over your securities to them, there is always the risk that they could use them to trade in the markets

Image: iSTOCK
Premium

Image: iSTOCK

Sanjay Kumar Singh
Biplab Sen (name changed on request), an Odisha-based investor, is one of those who has lost money due to F6 Finserve, a Gurgaon-based stockbroker, defaulting on payouts to clients. Sen had the first inkling of trouble when his trading terminal stopped working early in February. When he called up the broker, he was told that there were technical problems which would be resolved soon. Despite a long wait and repeated phone calls, the terminal did not resume functioning, and later the broker too stopped responding. Subsequently, the Bombay Stock Exchange declared F6 Finserve a defaulter. The 90 clients of this

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in