Allegations of unauthorised trading in Stockal client accounts have raised questions about safeguards for Indians investing in overseas stocks. Experts say the GIFT City route offers a more regulated channel, with IFSCA-authorised Global Access Providers subject to strict rules. They also urge mandatory Indian or IFSC-based custody of overseas securities to protect investors from intermediary failures.
Stockal case sparks calls for Indian custody of overseas stocks
Source: Moneycontrol