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amit (sub broker)     09 November 2010

LIABILITY OF SUB BROKER OF SEBI

Dear

being a sub broker of sebi, i want to know my liabilities towards trading member or clint, in respect to the complaint lodged by the client against the trading member..............



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 2 Replies

Satish Kuna (Advocate)     09 November 2010

With regard to any compliant against a trading member, the sub broker is no way responsible. The sub broker's responsibility/liablity is limited only to the extent of transactions routed through him.

 

 Satish Kuna

amit (sub broker)     10 November 2010

Dear

Sir thanks for the reply, suppose the deposit of the sub broker to the trading member is 1 lac and client complaint to the nse for Rs. 2 lac who will be responsible for the remaining 1 lac.......


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