Articles tagged “Pledge Misuse”
2 articles.
- 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 …
- 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 …