Are brokers permitted to operate untagged or unidentified demat accounts?
Are brokers permitted to operate untagged or unidentified demat accounts? |
No. SEBI has strictly prohibited brokers from operating untagged or unidentified demat accounts. Such accounts are not permitted under regulatory guidelines, and any non-compliance may attract regulatory action and penalties. Every Account Identified without Exceptions SEBI strictly bans untagged accounts keeping your investments fully traceable. Start Your Investment Jourey Have a Question? Open an Account → Reach out to us customer.care@jainam.in |