Algorithmic trading marketing restrictions: brokers prohibited from citing past or expected returns, must remove claims and report compliance. Stock brokers providing algorithmic trading services shall not directly or indirectly refer to past or expected future return/performance of an algorithm or associate with platforms that do; brokers using or associated with such references must remove them or disassociate within seven days. Stock exchanges must put in place procedures, amend bye laws, notify brokers, monitor compliance with these prohibitions and submit a compliance report to SEBI within sixty days. The measures are effective immediately and non compliance may invite regulatory enforcement to protect investor interests.
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.
Algorithmic trading marketing restrictions: brokers prohibited from citing past or expected returns, must remove claims and report compliance.
Stock brokers providing algorithmic trading services shall not directly or indirectly refer to past or expected future return/performance of an algorithm or associate with platforms that do; brokers using or associated with such references must remove them or disassociate within seven days. Stock exchanges must put in place procedures, amend bye laws, notify brokers, monitor compliance with these prohibitions and submit a compliance report to SEBI within sixty days. The measures are effective immediately and non compliance may invite regulatory enforcement to protect investor interests.
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