The Demat Dilemma

POSTED BY J ON May 7, 2013 2:55 pm ONE COMMENT

Hello All,

I have a query regarding the Demat Account offered by various brokerage houses. According to the information I have, a broker has a right to buy/ sell stocks on our behalf. Although we may or may not have instructed for the same, as the form filled by us give the brokerage firm the right to transact on our behalf.

Is there a way by which we can stop the brokerage firm to transact on our behalf untill and unless we have instructed for the same? Can we deny the brokerage house the right on our money?

Please share your inputs.

Thanks and Regards,

J

One reply on this article “The Demat Dilemma”

  1. Dear J, unless you are not instructing either over, phone, physically or online, a broker can not sell your shares with out your permission.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today