SEBI Flags Risks in Client Code Modifications, Calls for Safeguards Against Tax Evasion

SEBI highlighted potential risks in client code modifications used in trading accounts, stressing that such practices can facilitate tax evasion and fraudulent transactions. The regulator called for stricter internal controls, audit trails, and investor safeguards. SEBI emphasized compliance measures to protect market integrity and prevent misuse of client codes for illicit purposes, reinforcing transparency and accountability in securities trading