I am asking about another discount broker.
I have my shares in CDSL demat account…I have not given POA of any type but whenever I want to sell I transfer to brokers collateral account (they call is CCA) via CDSL’s easiest facility because I have added broker as a trusted account.
Now I am considering options trading and they said you can transfer shares to same CCA (collateral) account and u can get margin fund after hair cut …they don’t charge any interest on margin against shares.
But since I heard some bad news about Karvy etc…I am wondering is it safe to transfer to their CCA account …(even though I have not given POA) they can still play games if they want?
For example once I transfer to them …they can do what ever they want with my shares for example pledge it further to get money for their own trading or even sell them and keep the money?