Comment on POA - Power of Attorney for your Demat account
commented on
22 Dec 2015, 08:12 PM
Dear Nithin,
As long as you are telling me its fine, its fine by me as well. Another thing that I would like to ask you is about conflict of interest. In abroad, some discount brokerage houses trade against the clients instead of routing their orders in the market as they know that 95% will lose money. They maintain Book A dn Book B (you know that very well). In other words they act as “Principal” and the honest ones mention it in their “conflict of interest” document. I donot see any such documents on Zerodha website.
1. Can you comment on Zerodha’s policy on the same?
2. Does Zerodha sometimes act as Principal and trade against their clients?
3. Do they maintain Book A and B?
Thanks
Soumya