Wednesday, 4 December 2013

NSEL crisis: Over 30 brokers under regulatory scanner

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

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