Investors to get SMS, email alerts from stock exchanges

To prevent unauthorised trading, the Securities and Exchange Board of India (Sebi) on Tuesday asked stock exchanges to send details of transactions in equity cash and derivatives segments to investors through text messages and emails by the end of every trading day. Stock exchanges would have to provide a platform to stock brokers to upload the details of their clients, Sebi said in a circular. Stock brokers will be required to upload clients’ details — name, mobile number, correspondence address and email address. They would have to ensure that mobile numbers/email addresses of their employees/sub-brokers/remisiers/authorised people are not uploaded on behalf of clients, the market regulator said

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