Table of Contents
Can I trade on behalf of my mother?
Well you can, provided your mother doesn’t take you to court. Nobody is gonna know who is doing the trading or who is logging into the account. Make sure you are on the right side of the law though.
Can I trade on someone else’s account?
Yes, but you have to follow some rules. There is such a thing as Limited Trade Authorization (LTA). A brokerage account owner can grant you full control over assets in the account except for physically moving them out.
Can I trade in my father’s account?
You can open account in your mother and father name using their bank account to trade. It is illegal to do so without a license qualifying you to act as a financial advisor and qualified investor. The person asking you to invest for them can require you to pay back any of the losses or even your under performance!
Can someone else operate my demat account on my behalf?
Any individual you designate to manage your account by signing a power of attorney can do so on your behalf. More than one person can hold a Demat account at the same time. If you want to have more than one person on a Demat account, you must do so when you open the account.
Can I use my parents demat account?
No. You could not. If you want to open a Demat Account it is better to take a PAN card in your name.
Can I transfer my demat account to my father?
Step 1: The Donor has to initiate an off-market transaction (mutual settlement of shares between two parties without involving stock exchange) by submitting a Delivery Instruction Slip (DIS) to his DEMAT Account provider (also called Depository Participant (DP)) for transferring shares from the donor’s Demat account to …
Is trading other people’s money illegal?
While the gears in your head are spinning, let me just state the answer in its simplest form: You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Securities and Exchange Commission or have a federal license.