Articles tagged “Karvy”
4 articles.
- Why Zerodha discontinued the demat POA and moved to DDPI
SEBI discontinued the broker demat POA for new clients and replaced it with the DDPI from 2022. The timeline, the Karvy trigger, the SEBI and CDSL circulars, …
- Karvy pledge misuse incident (2019)
In November 2019, Karvy Stock Broking was found to have misused client-pledged shares for proprietary trading, triggering one of the largest broker fraud cases …
- SEBI margin pledge rules (September 2020 framework)
On 1 September 2020 SEBI's new margin pledge framework replaced the long-standing Power of Attorney system for collateralising client securities. Securities now …
- Karvy Stock Broking pledge-misuse case (2019) and RTA implications
The 2019 Karvy Stock Broking fraud, in which client securities were pledged without authorisation to raise broker funds, exposed gaps in depository oversight …