Dos & Dont's to Trade with Share Brokers..!

From WealthRays Securities Private Limited

Dos..!

1. Deal only with SEBI registered intermediaries.

2. Ensure that the intermediary has a valid registration certificate.

3. Ensure that the intermediary is permitted to transact in the market.

4. State clearly who will be placing orders on your behalf

5. Insist on client registration form to be signed by the intermediary before commencing operations & obtain duplicate copy of the form.

6. Enter into an agreement with your broker / sub-broker setting out terms and conditions clearly.

7. Insist on contract note for trades done on each day

8. Ensure that broker’s name, trade time and number, transaction price and brokerage are shown distinctly on the contract note.

9. Insist on periodical statement of accounts.

10. Issue cheques / drafts in trade name of the intermediary only.

11. Ensure receipt of payment/ deliveries within 48 hours of payout.

12. In case of disputes, file written complaint to intermediary/ stock exchange or SEBI within a reasonable time.

13. In case of disputes, inform the share broker about the dispute within 6 (Six) months.

14. Familiarise yourself with the rules, regulations and circulars issued by intermediary / or stock exchanges / SEBI before carrying out any transaction

Dont's

1. Do not deal with unregistered intermediaries

2. Do not pay more than the approved brokerage to the intermediary.

3. Do not undertake deals for others.

4. Do not neglect to set out in writing, orders for higher value given over phone.

5. Do not sign blank delivery instruction slip(s) while meeting security paying obligation

6. Do not accept unsigned / duplicate contract note / confirmation memo

7. Do not accept contract note / confirmation memo signed by any unauthorised person.

8. Do not delay payment/deliveries of securities to broker

9. Do not get carried away by luring advertisements, if any.

10 Do not be led by market rumors or get into shady transactions

WealthRays Securities Private Limited

1654, 1st Floor,10th Main

HAL 3rd Stage,

Jeevanbimanagar Main Road,

Bangalore - 560 075, Karnataka

Phone : +91 80 4920 3300.

For grievance email to feedback@wealthrays.com

Compliance Officer

Ms. Rashmi Roddam

Email : compliance@wealthrays.com

Media contact

Nikhil Mansukhani

Adfactors

Email: nikhil.mansukhani@adfactorspr.com

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