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POLICY FOR PREVENTION OF CIRCULATION OF UNAUTHENTICATED NEWS :
Circulated by SEBI Registered Market Intermediaries through various
modes of communication Pursuant to SEBI Circular Cir/ ISD/1/2011
dated March 23, 2011
It has been observed by SEBI that unauthenticated news related
to various scrips are circulated in blogs/chat forums/e-mail
etc. by employees of Broking Houses/Other Intermediaries without
adequate caution as mandated in the Code of Conduct for Stock
Brokers and respective Regulations of various intermediaries
registered with SEBI.
Damage can be caused by circulation of unauthenticated news or
rumours. It is a well-established fact that market rumours can
do considerable damage to the normal functioning and behaviour
of the market and distort the price discovery mechanisms.
In view of the above, internal code of conduct and controls is
specified as under
•Employees/temporary staff/voluntary workers etc.
employed/working with Tradehifi Stock Broking Pvt Ltd will not encourage
or circulate rumours or unverified information obtained from
client, industry, any trade or any other sources without
verification.
•All access to Blogs/Chat forums/Messenger sites etc. should
will restricted and will be after the permission and under the
supervision of the Compliance Officer
•Logs for any usage of such Blogs/Chat forums/Messenger sites
(called by any nomenclature) shall be treated as records and the
same should be maintained as specified by the respective
Regulations which govern the functioning of the Market
Intermediaries
•Employees are directed that any market related news received by
them either in their official mail/ personal mail/ blog or in
any other manner, should be forwarded only after the same has
been seen and approved by the Compliance Officer. If an employee
fails to do so, he/she shall be deemed to have violated the
various provisions contained in SEBI Act/Rules/Regulations etc.
and shall be liable for actions.
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