Bombay broker safety...

[iamnewandimproved]

Hi, I shall soon give my money to a stock broker in Bombay, who shall be investing it in the Bombay Stock Market. What kind of research can I do on him to check his is not a fraud.

Thank you for your time,
Rabbie

 

[grantx]

Rabbie,

As a foreigner, you'll probably have zero protection if he does a runner, takes a flyer, or uses your money for a dowry or as a loan to a cousin to open a petrol station.

Bombay stockbroker? FH. Doesn't actually inspire confidence. Find a UK-based fund manager with a fund invested in this area. Then you'll have protection.

Grant.