Was the procedure followed?
I have a few more inquiries:
- Shouldn’t I have been allowed to settle my position?
- Queries raised by @tradewealth in the same thread: a) Regarding internal settlement, is a manual decision made when submitting the voluntary auction file from your end, whether to proceed with voluntary auction or buy directly from the market on T+1? Assuming it’s in the client’s best interest to close out short-delivered positions internally as soon as possible. b) When you mentioned the team decided to buy IREDA from the open market, why couldn’t they procure it when it was actively trading for the majority of the time during T+1? Also, you mentioned a ‘desired price’. How does the broker decide the ‘desired price’? Shouldn’t the best available ask suffice? And even if the broker procured some quantity, shouldn’t it be pro-rated across all short-delivered clients to ensure fairness rather than a few clients bearing all the consequences? Also, regarding this link: Youtube - A new way of manipulation and Scams! - #45 by tradewealth
- If the Single Risk Management Policy is applicable, was it followed? Reference link: https://zerodha.com/z-connect/zerodha/how-safe-is-it-to-trade-with-zerodha-recap
