Millennium Post

Investors to get daily trade alerts through SMS, email

In a move to check unauthorised stock market trades through investor accounts, regulator SEBI has asked exchanges to send SMS/Email alerts to every retail investor for all transactions in their names in a day.

The move follows complaints against brokers and other market entities conducting transactions through accounts of their clients without the knowledge of the investor concerned. While National Stock Exchange [NSE] would start sending transaction details to mobile phones and Email accounts of all retail investors with effect from 15 October, the BSE would commence sending such SMS and Email trade alerts shortly.

The market regulator had proposed such a facility to alert investors about trades being conducted in their accounts more than a year ago in August 2011.
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