Upgrad LLM

query regarding equity research

Hello members. I have cleared CA Final in Nov. 2012 attempt. I got a job offer for equity research profile in a brokerage firm. Though the profile is good, they have asked for a sign on an undertaking relating to Insider Trading, etc. One of the clauses in the undertaking states that I and my dependent family members will have to carry out ALL purchases and sales of securities while I am in employment with the firm through the stock broking division of the firm. I would have to open trading and demat account with the firm.

My question is:

1) Is this a SEBI requirement that equity analysts should carry out all securities transactions through trading and demat Accounts in the brokerage firm?

2) Do all brokeage firms ask for such a written undertaking?

I already have some equity investments .Hence, this question is important to me. Till now, I have not been able to find anything related to this in SEBI Regulations.

I would be thanklful if someone who has knowledge of this matter replies to this query.  

Thanking You,

Priyanka Shah




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