{"id":517,"date":"2022-06-13T09:53:34","date_gmt":"2022-06-13T09:53:34","guid":{"rendered":"http:\/\/openfutures.in\/?page_id=517"},"modified":"2022-06-13T10:00:27","modified_gmt":"2022-06-13T10:00:27","slug":"advisoryforinvestor","status":"publish","type":"page","link":"https:\/\/openfutures.in\/index.php\/advisoryforinvestor\/","title":{"rendered":"AdvisoryForInvestor"},"content":{"rendered":"
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Attention Investors!<\/span>
\n\u2022 Beware of fixed\/guaranteed\/regular returns\/ capital protection schemes. Brokers or their authorized persons<\/span>
\nor any of their associates are not authorized to offer fixed\/guaranteed\/regular returns\/ capital protection on<\/span>
\nyour investment or authorized to enter into any loan agreement with you to pay interest on the funds offered<\/span>
\nby you. Please note that in case of default of a member claim for funds or securities given to the broker<\/span>
\nunder any arrangement\/ agreement of indicative return will not be accepted by the relevant Committee of the<\/span>
\nExchange as per the approved norms.<\/span>
\n\u2022 Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit<\/span>
\nbalance lying with them, within three working days in case you have not done any transaction within last 30<\/span>
\ncalendar days. Please note that in case of default of a Member, claim for funds and securities, without any<\/span>
\ntransaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the<\/span>
\napproved norms.<\/span>
\n\u2022 Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure<\/span>
\nthat your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have<\/span>
\nopted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients<\/span>
\nagainst such defaulter member would be subject to norms for eligibility of claims for compensation from IPF<\/span>
\nto the clients of the defaulter member. These norms are available on Exchange website at following<\/span>
\nlink:\u00a0https:\/\/www.nseindia.com\/invest\/about-defaulter-section<\/span>
\n\u2022 Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin\/ collateral<\/span>
\nMUST remain in the account of the client and can be pledged to the broker only by way of \u2018margin pledge\u2019,<\/span>
\ncreated in the Depository system. Clients are not permitted to place any securities with the broker or<\/span>
\nassociate of the broker or authorized person of the broker for any reason. Broker can take securities<\/span>
\nbelonging to clients only for settlement of securities sold by the client.<\/span>
\n\u2022 Always keep your contact details viz. Mobile number\/Email ID updated with the stock broker. Email and<\/span>
\nmobile number is mandatory and you must provide the same to your broker for updation in Exchange<\/span>
\nrecords. You must immediately take up the matter with Stock Broker\/Exchange if you are not receiving the<\/span>
\nmessages from Exchange\/Depositories regularly.<\/span>
\n\u2022 Don’t ignore any emails\/SMSs received from the Exchange for trades done by you. Verify the same with the<\/span>
\nContract notes\/Statement of accounts received from your broker and report discrepancy, if any, to your<\/span>
\nbroker in writing immediately and if the Stock Broker does not respond, please take this up with the<\/span>
\nExchange\/Depositories forthwith.<\/span>
\n\u2022 Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by<\/span>
\nthe trading member, compare it with the weekly statement of account sent by broker and immediately raise a<\/span>
\nconcern to the exchange if you notice a discrepancy.<\/span>
\n\u2022 Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an<\/span>
\nassociate of the broker, other than a SEBI registered Stock broker.<\/span><\/h3>\n<\/div>\n\t\t\n