Stock brokers must not run unauthorised investment schemes, promise fixed returns, or accept client cash deposits. Regulation 20 requires that a stock broker refrain from activities promising indicative, guaranteed, fixed or periodic returns not permitted by Regulations or exchange rules; operating unauthorised collective investment schemes or portfolio management services; engaging in activities disallowed under the Securities Contracts (Regulation) Rules; and accepting cash from clients directly or via cash deposits to the broker's bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Stock brokers must not run unauthorised investment schemes, promise fixed returns, or accept client cash deposits.
Regulation 20 requires that a stock broker refrain from activities promising indicative, guaranteed, fixed or periodic returns not permitted by Regulations or exchange rules; operating unauthorised collective investment schemes or portfolio management services; engaging in activities disallowed under the Securities Contracts (Regulation) Rules; and accepting cash from clients directly or via cash deposits to the broker's bank account.
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