Sebi Adds Muscle To Supervisory Framework For Stock Brokers

New Delhi: Putting in place enhanced supervisory framework for stock brokers, Sebi has issued a detailed set of guidelines to monitor their financial strength and detect any misutilisation of clients' funds.  Besides, stock brokers will now have to follow a uniform nomenclature for "naming/tagging of bank and demat accounts" and reporting of such accounts to stock exchanges and depositories.  Guidelines have been issued for "monito...