Can the stockbroking firm sell shares to its customers directly?
Submitted by admin on February 12, 2010 – 8:56 amNo Replies
A web user asks, Let’s say Mr A is interested in VVV shares and has informed his stockbroking firm to purchase 1000 shares of VVV. The stockbroking firm happened to have 5000 VVV shares in its own account. So, in this scenario, can the firm sells its shares directly to Mr A without putting his order through to the market?
Would it not be contravening any statutory laws?
Can you help them out? Post your advice!
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