In a move to check unauthorised share market trades through investor accounts, regulator SEBI has asked exchanges to send SMS and E - mail alerts to every retail investor for all transactions in their names in a day.
The move follows complaints against brokers & other market entities conducting transactions through accounts of their clients without the knowledge of the investor concerned.
While NSE (National Stock Exchange) will start sending transaction details to cell phones & email accounts of all retail investors with effect from October 15, 2012 BSE (Bombay Stock Exchange) will commence sending such SMS & Email trade alerts very shortly.
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