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of <h1>Investor Protection Fund Claims Include Clients of Registered Sub-Brokers, Says Secondary Market Department Circular.</h1> The circular issued by the Secondary Market Department addresses stock exchanges, highlighting that claims against a defaulting broker for compensation from the Investor Protection Fund or Customer Protection Fund should include clients who have transacted through registered sub-brokers. It clarifies that these clients are considered clients of the member broker, and in the event of a broker's default, they are eligible for compensation claims. The exchanges are instructed to acknowledge and process legitimate claims from these clients accordingly.
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