Equity research

CA 463 views 1 replies

Hello members. I have cleared CA Final in Nov. 2012 attempt. I got a job offer for equity research profile in a brokerage firm. Though the profile is good, they have asked for a sign on an undertaking relating to Insider Trading, etc. One of the clauses in the undertaking states that I  and my dependent family members will have to carry out all purchases and sales of securities while I am in employment with the firm throgh the stock broking division of the firm. I would have to open trading and demat account with the firm.

My question is:

1) Is this a SEBI requirement that equity analysts should carry out all securities transactions through trading and demat Accounts in the brokerage firm?

2) Do all brokeage firms ask for such a written undertaking?

I already have some equity investments and my father who is now retired and dependant on me also carries out investing. Hence, this question is important to me. Till now, I have not been able to find anything related to this in SEBI Regulations.

I would be thanklful if someone who has knowledge of this matter replies to this query.  

Replies (1)

get clarified with sebi or post in lawyersclubindia.com for better answer

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register