Dos

Dos-don’t

Dear Investor,

Before you step into the securities market, we kindly request that you carefully review and understand the following important guidelines:

Account Opening

1. Read the Agreement: Ensure you thoroughly read and understand the Member-Client Agreement with your broker, which clearly outlines all terms and conditions before execution.
2. Accurate Information: Provide complete and accurate details in all forms. Do not leave any fields blank.
3. Correct Information: All information provided must be factually correct and accurate as this forms the basis of your relationship with Lares Algotech India Pvt. Ltd.
4. Review Registration Kit: Carefully read every annexure in the Registration Kit before signing any documents.
5. Update Information: Ensure that your Email ID, DP ID, and bank account number are correctly provided. Keep your correspondence address updated.
6. PAN Submission: Submit your Permanent Account Number (PAN).
7. Running Account Authorization: Understand the utility of maintaining a running account before signing the authorization for the same.
8. Check Welcome Letter: Ensure that all details are correctly mentioned in the welcome letter after account opening.

Trading Guidelines

1. Clear Instructions: When placing orders via phone, call on the landline numbers of your local branch and provide clear, unambiguous instructions. If placing orders in person, provide them in writing.
2. Risk Awareness: Be aware of the risks associated with your Cash Market and Futures & Options positions, as well as margin calls on them. Failure to maintain adequate margins may lead to your positions being squared off by the Risk Management Team.
3. Margin Maintenance: While Lares Algotech endeavors to inform you of any margin calls, it remains your responsibility to maintain margins. Outstanding positions will be squared off in case of shortfall or delayed payments.
4. Internet Trading: Maintain the confidentiality of your trading password for online trading. You are solely responsible for all transactions executed using your password. Change your password every two weeks.

Post Trading

1. Digital Contract Notes: Ensure you receive digital contract notes via email on the same day trades are executed. If you do not receive them, contact the E-Broking team immediately. You can also access digital contract notes on the Lares Algotech website daily.
2. Verify Trade Details: Review all details in contract notes upon receipt. Any discrepancies should be immediately reported to the E-Broking team.
3. Daily Monitoring: Check your email account registered in the ‘Know Your Client’ (KYC) form daily for trade confirmations, margin calls, and other account-related communications.
4. Margin Payments: Ensure you pay the required margins within the prescribed timeframe. You must collect or pay your mark-to-market margins daily through your broker.
5. Timely Deliveries and Payments: Ensure you receive payments or deliveries within one working day of the payout. Deliver shares or make payments before the pay-in day.
6. Cheque Payments: Make payments or enhance margins by issuing cheques made out in favor of Lares Algotech India Pvt. Ltd. Do not issue cheques in any other name.

Don’ts

Account Opening

1. Avoid Signing Without Understanding: Do not sign the Member-Client Agreement unless all your doubts are cleared.
2. No Incorrect Information: Do not provide incomplete or incorrect information. Do not overwrite or cancel details.
3. Legal Compliance: Avoid providing factually incorrect information as it is illegal.

Trading

1. Understand Risks: Do not trade in any products without understanding their risks and rewards.
2. Avoid Illiquid Stocks: Refrain from trading illiquid shares, penny stocks, or futures in the Z, T2T category.
3. No Manipulation: Avoid matching or synchronizing trades with others or participating in any activity that manipulates stock prices or disrupts market equilibrium.
4. No Proxy Trading: Do not trade in your name and issue cheques from family members’ or friends’ accounts.
5. Cash Transactions: Never make payments in cash or issue cheques in the name of a broker’s employee or any other unauthorized person.
6. Clear Instructions: Always provide clear instructions, either in writing or verbally over recorded phone lines.
7. Password Security: Do not share your trading password with anyone.

Post Trading

1. Timely Actions: Do not delay payments or securities deliveries to your broker.
2. Authorized Contracts: Always ensure you receive signed contract notes from authorized individuals.
3. Avoid Overpaying: Do not pay more than the agreed brokerage fee to the intermediary.

If you have any questions or concerns, feel free to contact Lares Algotech India Pvt Ltd at +0120-6335981

By following these guidelines, you ensure a smooth and secure trading experience with Lares Algotech India Pvt. Ltd.

Warm regards,
Lares Algotech India Pvt. Ltd.