Policy prohibiting the circulation of unauthenticated news by employees, temporary staff and dealing persons, framed under the SEBI code of conduct for stock brokers and SEBI circular Cir/ISD/1/2011 dated 23 March 2011.
To Protect Investors to Stop Unauthenticated News Circulation by the Employees / Temporary Staff or other dealing person and by the firm’s Infrastructure.
As per code of conduct for Stock Broker in SEBI (Stock Brokers and Sub-brokers) Regulations, 1992 and SEBI circular Cir/ISD/1/2011 dated March 23, 2011, all SEBI registered market intermediaries are required to have proper internal code of conduct to govern the conduct of its Employees. In view of the same, Vimal & Sons implements code of conduct for communicating through various modes of communication. The Employees / Temporary Staff are prohibited from:
Our employees are restricted from circulation of rumors or unverified information obtained from client, industry, any trade or other sources without verification.
The employees will have to seek prior approval from the designated Compliance Officer of Vimal & Sons before forwarding any market related news received by them either in their official mail / personal mail / blog or in any other manner and all the reporting with regard to violation of the same shall be done to the designated 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 disciplinary action.
Access to Blogs / chat forums / messenger sites etc. has been restricted by Vimal & Sons and access is not allowed.