Sebi Issues New Rules for Stock Market Investors
Aug. 23 – The Security and Exchange Board of India (Sebi) has issued new rules to prevent money laundering in the stock market.
Brokers will now require investors to provide documents detailing sources of income including tax returns, salary slips and bank account statements annually.
Investors unable to comply with the new regulations will be banned from trading in the derivatives market. This move will likely soon be extended to the cash market segment.
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