These brokers were apparently working as Carrying and Forward (C&F) agents as well for
National Spot Exchange (NSEL) without checking the veracity of commodities lying in the
warehouses, and kept investors in the dark about non-availability of commodities on which
their clients were taking positions.
http://www.moneycontrol.com/news/market-news/nsel-crisis-over-30-brokers-under-regulatory-scanner_1002222.html
National Spot Exchange (NSEL) without checking the veracity of commodities lying in the
warehouses, and kept investors in the dark about non-availability of commodities on which
their clients were taking positions.
http://www.moneycontrol.com/news/market-news/nsel-crisis-over-30-brokers-under-regulatory-scanner_1002222.html
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