Rules for buying shares are changing, you must know before doing stock trading
Rules for buying shares are changing, you must know before doing stock trading Big news has come for those who trade in the stock market. SEBI is going to change the entire system of trading in the stock market on the increasing cases of fraud.Share Market News: Rules for buying shares are changing, you must know before doing stock tradingCases of fraud in the name of trading in the stock market are increasing continuously. people get scammed in the name of money every day. Steps are taken by SEBI to stop such cases.To avoid such fraud cases, SEBI is going to change the entire system of trading in the stock market.When will the new rule be implementedAccording to the information, market regulator SEBI is going to implement a new rule to reduce risk and prevent fraud, keeping in mind the convenience of investors. Under this rule, from october 14, the shares purchased by the investors will be directly credited to their demat account. Till now the shares purchased used to go to the broker first, but soon this rule will change.There will be no broker in the new systemTill now the shares purchased used to go to the broker first. But sometimes the broker misuses these stocks for other purposes. That is why the broker has been removed from the middle in the new system. With this, the investors will get their shares directly. In the circular issued by SEBI, it was said that now the shares will be directly credited to the customer's demat account by the clearing corporation.The clearing corporation will provide a mechanism to the trading member / clearing member to identify unpaid securities and funded stocks under the margin trading service. SEBI's circular states that if a broker has given money to buy a share, then the broker can keep those shares mortgaged with him. If the investor is unable to pay the money on time, then the broker can auction such shares.