NISM Professor

Stolen, counterfeit or fraudulently issued securities

Selling, dealing in or pledging stolen, counterfeit or fraudulently issued securities, whether physical or dematerialised, is a deemed manipulative, fraudulent or unfair trade practice — unless the person was a holder…

This one is not written up yet

The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.

Written up from the same chapter

Where this is taught

Free preparation for NISM Series III-A
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