Stock Markets: If you are an investor, know these important dos and don’ts to avoid problems in trading
If you are an investor in the stock markets, you need to know these important Dos and Don’ts. The NSE subscribes certain action which every investor should follow to avoid hassles. The exchange also encourages investors to approach it in case they need any clarification
If you are an investor in the stock markets, you need to know these important Dos and Don’ts. The NSE subscribes certain action which every investor should follow to avoid hassles. The exchange also encourages investors to approach it in case they need any clarification. Investors can call on the toll free number 1800 266 0058 (Select option 2 - UCI & Trade Alerts). Investors can also email NSE at uci@nse.co.in, quoting their PAN, Mobile number and their query.
See the Dos and Don’ts here:
1) NSE advises investors to deal only with registered intermediaries. Investors should check the registration certificate of the intermediary they are dealing with. This will help you to initiate a recourse to regulatory action in case of a wrongdoing.
2) NSE cautions against any fixed or guaranteed returns schemes. Brokers or any of their representatives are not authorised to offer fixed or guaranteed returns on your investment or enter into any loan agreement to pay interest on the funds/securities offered by you.
3) NSE cautions against falling prey to emails and/or SMSs luring to trade in stocks/securities promising huge profits.
4) Investors should ensure that their KYC (Know Your Customer) formalities are completed with the broker or intermediary. Investors should try to fill all the required details in KYC document by themselves and also ask for a duly signed copy of their KYC documents from the broker. Check for all conditions that have been agreed and accepted by you.
5) Opt for electronic (e-mail) contract notes/financial statements only if you are computer savvy and have an e-mail account of your own. Don't ignore any e-mails/SMSs received with regards to trades done by you. Verify the details of the same and report discrepancy, if any, to your broker in writing immediately.
6) Trade verification facility is also available on NSE website.
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7) Check the frequency of accounts settlement opted for and verify your monthly/quarterly settlement statements. Any discrepancies observed therein should be brought to the notice of your broker in writing immediately.
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