SEBI has introduced tracking system that will track the movement of client securities that are collected by brokers

SEBI has introduced tracking system that will track the movement of client securities that are collected by brokers :

                                                       Key Features:

security and exchange board of India

• This tracking system will raise alerts with exchanges if diversion of clients' securities is noticed.

• Three ' mismatch reports' has been forwarded to the stock exchanges for reconciliation with members.

          SEBI:

• The full form of SEBI is Securities and Exchange Board of India. It was established in 1988 and given statutory powers on 12th April, 1992 in accordance with the provisions of the SEBI Act, 1992. Its basic function is to protect the interest of investors in securities and to promote the development and regulate the securities market. Present Chairman and ED of SEBI is Ajay Tyagi. Its headquarter is located at Mumbai, Maharashtra.