Performance/return claimed by unregulated platforms offering algorithmic strategies for trading

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....rformance/return claimed by unregulated platforms offering algorithmic strategies for trading 1. It has come to the notice of the Securities and Exchange Board of India (SEBI) that some unregulated platforms are offering algorithmic trading services/strategies to investors for automated execution of trades. Such services and strategies are being marketed with "claims" of high returns on investm....

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....ectly or indirectly make any reference to the past or expected future return/performance of the algorithm; and/or 4.1.2. directly or indirectly associate with any platform providing any reference to the past or expected future return/performance of the algorithm. 4.2. Stock brokers who are directly/indirectly referring to any past or expected future return/performance of an algor....

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....compliant with clause 4.1 and 4.2 of this circular along with the proof of the same; and shall submit a compliance report to SEBI in this regard within 60 days from the date of this Circular. 6. The provisions of this circular shall be applicable with immediate effect. 7. Appropriate action may be taken by SEBI under the securities laws for non-compliance of the above provisions. 8. This ....