https://www.taxtmi.com/caselaws?id=285135 Claims based on fixed-return, loan-like arrangements with a broker were treated as outside genuine investor activity and therefore not payable from the Investor Protection Fund. The tribunal applied the stock exchange bye-laws and held that the fund covers genuine investor claims, not transactions in the nature of loans or para-banking. It also held that the stock exchange was not liable to compensate investors merely because the broker defaulted or because a regulatory lapse was alleged, since the exchange is not an insurer for losses arising from unlawful or loan-based dealings. The appeals were dismissed on that basis. en-us Thu, 17 May 2018 00:00:00 +0530 Sat, 28 Dec 2019 09:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285135 Claims based on fixed-return, loan-like arrangements with a broker were treated as outside genuine investor activity and therefore not payable from the Investor Protection Fund. The tribunal applied the stock exchange bye-laws and held that the fund covers genuine investor claims, not transactions in the nature of loans or para-banking. It also held that the stock exchange was not liable to compensate investors merely because the broker defaulted or because a regulatory lapse was alleged, since the exchange is not an insurer for losses arising from unlawful or loan-based dealings. The appeals were dismissed on that basis. Case-Laws SEBI Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285135