SEBI PROPOSES REFORMS FOR SECURE INVESTMENT IN MF

Market regulator SEBI proposed to discontinue usage of pool accounts by all platforms in transactions to protect Mutual Fund investors against the misuse of their investments.

As per SEBI, instances have been registered where client's funds and securities were used by a trading or a clearing member towards margin obligations or settlement obligations of itself or for some third party or used for raising loans against shares on it....