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Episode 1 - Topic: SEBI rule of Pledge, Unpledge & Repledge of stocks - Featuring: Mr. Sidhant Prabhu & Mr. Rajesh Agarwal
Coping with new rules and regulations in the stock markets and being able to comply with all of them can be quite a task.
Today, we will talk about how a stockbroker manages this ever-evolving change in regulations and what steps they take to comply with the changes.
The core focus of this conversation will revolve around throwing some light on the new rules of the pledge, unpledge, and repledge system.
This system allows an investor to pledge their stocks or mutual funds for margins to trade in the stock markets. It is like taking a mortgage against your stocks. Where you pledge your stocks in return for money in form of exposure which is then utilized to trade in the stock markets.
This process may sound easy, however, it entails various setbacks.
The primary one being, a transitional risk with the clients. Brokers face a challenge while explaining the new rules and regulations to the clients overnight which could lead to certain queries and doubts which could eventually lead the client to exit the market.
To describe what exactly goes on behind the scenes in a broking house we have with us, Mr. Sidhant Prabhu (Compliance Officer) and Mr. Rajesh Agarwal (Head of Risk Management) from Sykes and Ray Equities. They have over 10 years of experience in the industry and have been actively involved with this entire process of this new rule.
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By Sykes & Ray EquitiesCoping with new rules and regulations in the stock markets and being able to comply with all of them can be quite a task.
Today, we will talk about how a stockbroker manages this ever-evolving change in regulations and what steps they take to comply with the changes.
The core focus of this conversation will revolve around throwing some light on the new rules of the pledge, unpledge, and repledge system.
This system allows an investor to pledge their stocks or mutual funds for margins to trade in the stock markets. It is like taking a mortgage against your stocks. Where you pledge your stocks in return for money in form of exposure which is then utilized to trade in the stock markets.
This process may sound easy, however, it entails various setbacks.
The primary one being, a transitional risk with the clients. Brokers face a challenge while explaining the new rules and regulations to the clients overnight which could lead to certain queries and doubts which could eventually lead the client to exit the market.
To describe what exactly goes on behind the scenes in a broking house we have with us, Mr. Sidhant Prabhu (Compliance Officer) and Mr. Rajesh Agarwal (Head of Risk Management) from Sykes and Ray Equities. They have over 10 years of experience in the industry and have been actively involved with this entire process of this new rule.