Supreme Court ends dispute over stockbroker losses involving Edelweiss
The Supreme Court ended a long-running legal fight over who bears responsibility when a stockbroker runs into losses tied to an unauthorized fixed-return scheme, ruling on the Professional Clearing Member role for Edelweiss Custodia.
New Delhi, Sept.
3 -- The Supreme Court has put an end to a long-standing legal fight over who bears responsibility when a stockbroker runs into losses, after running an unauthorized fixed-return scheme.In a major ruling, the top court held that Professional Clearing Member (PCM) Edelweiss Custodia…