Whalesbook
Ye Payout Freeze Kahan Se Aaya?
To be honest, NSE ne ek complaint ke basis par ₹78 Crore ka fund block kar diya. Ye tab hua jab unko ek client ke unauthorized trading ke bare mein pata chala. Police ne alert kiya, uske baad NSE ne ye step liya. Ab brokers ko dar hai ki is wajah se market mein kuch gadbad na ho jaye, especially with the new SMC Bill jo aane wala hai.
Brokers ka Tension Kya Hai?
Market ke bande sabse zyada is baat se pareshan hain ki aise lambe fund freezes bina galti wale logon ko kyun punish karein? Unka kehna hai ki agar koi clear time limit nahi hai, toh market ki liquidity aur logo ka trust dono ko nuksan hoga. Aur ye situation aur bhi risky hai because 2026 mein bahut saare IPOs aane wale hain, jisse secondary market se paisa nikal jayega. Agar us time liquidity kam hui, toh sabki band baj jayegi.
Naya Kanoon, MIIs ka Power, Aur Risks
Ab sabki nazar Securities Market Code (SMC) Bill par hai jo parliament mein hai. Is Bill ka goal hai saare securities laws ko ek karna aur MIIs (Market Infrastructure Firms) ko zyada takat dena. Lekin brokers ko risk lagta hai ki agar safeguards nahi hain, toh MIIs galat fayda utha sakte hain. Yaad hai, 2024 mein Bombay High Court ne SEBI, NSE aur BSE ko ₹80 Lakh ka fine lagaya tha ek demat account freeze ke liye? Isse pata chalta hai ki regulatory overreach ho sakta hai.
Brokers ko Chahiye Clear Rules!
Brokers kya chahte hain? Simple hai - fund block karne ke liye time limits ho, aur MIIs ko independent checks karne ki power mile. SMC Bill mein sab cheezein clear honi chahiye jaise ki reasons likhe hon, notice period diya jaye, aur maximum kitne time tak freeze ho sakta hai. SEBI ka 'optimal regulation' approach yahan test hoga. Unko aisa system banana hoga jisse market secure rahe par growth bhi na ruke.