To protect the
investors from potential fraudulent activities, share market tips
providers should take reasonable steps to ensure that the
investor’s address and contact details filled in the service
availing application form are investor’s own details, and not of
any third party. Where the required information is not available in
the application form, the intermediary should make reasonable efforts
to obtain accurate and updated information from the investor.
Intermediaries should abstain from filling wrong / incorrect
information or information of their own or of their employees,
officials or agents as the investor’s address and contact details
in the application form, even if requested by the investor to do so.
Recently, SEBI
has changed the rules and norms through which every financial
p[lanner, market researchers and stock advisories have to work. They
need to get registered with the SEBI and they have to send detailed
information about their packages and customers to the SEBI.
SEBI has also
instructed them to force their clients for document verifications and
KYC should be their priority. They can provide a bunch of tips
including MCX tips for commodities.
The
Intermediaries shall ensure that the employees quote the EUIN in the
application form for investments. The NISM certification and AMFI
registration shall be renewed on a timely basis. Employees in other
functional areas should also be encouraged to obtain the same
certification to become an educative and pioneering equity and
commodity tips provider.
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