Karvy Stock Broking has been in the news since November 22. In fact, market regulator Sebi issued an interim order on November 22 stating that it should not create new clients. According to the SEBI order, Karvy had transferred the securities of its consumers i.e. securities itself. Not only this, the order said that Karvy transferred the money to his account by pledging the client's securities. You will be surprised to know the amount. As per SEBI order, Karvy Stock Broking had transferred Rs 1,096 crore to its group company Karvy Realty Pvt Ltd.

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About 2.44 lakh clients of Karvy Stock Broking are affected. In the order which SEBI has given against Karvy, it has been said that the company has committed many violations of the rules. Now the question arises that if you are also present in these 2.44 lakh clients, then what is your way?

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If you are a client of Karvy Stock Broking, then according to experts, you should open a new account and get your securities lying in Karvy's transferred to the new account. However, for this you will have to do more paperwork. On the other hand, with the NSDL and CDSL, SEBI has also advised to keep an eye on the movements of securities. Due to this, there can be some delay in transferring security.

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If you have money lying in the brokerage account of Karvy, then immediately transfer it to your bank account. According to a SEBI circular in 2009, clients' funds that are not utilized have to be transferred to a client's bank account every 90 days. Currently, the 90-day deadline has not yet expired in the case of Karvy stockbroking. If your trade has failed due to Karvy's default, or Karvy has transferred your securities to your account, or if you notice any irregularity in your account, you can complain directly to Sebi. For this, you can go to the website.