Ah, that Karvy case was before my time, but from what I hear, they used client shares for their own loans! SEBI had to make a strict rule that brokers must keep client securities totally separate. Now, in 2026, I am extra careful and ask my new broker, "Meeru client assets *lockbox* lo pettara?" I saw how in the hospital, mixing things up causes big trouble, so for my daughter's college money, I want no mix-up in my demat account either.
#exams#study
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