Is a Dealer trading for his own account an Offence?

I am trying to Trade in MCX after 6PM i.e., in the evening session after my office working hours, But the problem is I am working as a Relationship Manager (Dealing) - Equity in a well known Broking Firm (I have a terminal ID registered) starting September & my branch manager is Telling that I am not supposed to trade in any exchanges registered with SEBI and it is a rule from SEBI. Please confirm me about this Rule, as I have gone through insider trading guidelines from SEBI but I didn’t find any restrictions related to trading by a dealer. Since I plan to trade after equity market hours is it fine or is it a legal restriction. Please Confirm me as I didn’t find any related article in Trading Q&A.

I have also been told that I am not supposed to invest in any stocks, If I really want to invest I have to open the account with them and take the permission from the superiors before doing so. Please help me on this.

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It depends on the company, yes there are a bunch of brokerages which has such internal checks in place in case people working for them want to trade. But, SEBI doesn’t mandate that anyone working for a brokerage can’t trade on the markets, it is just upto the internal policy of the brokerage where you work.

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