India, Dec. 26 -- Granting relief to a stockbroking firm, the Bombay High Court held that clients who allow a broker to trade on their behalf and accept the risks of the volatile market cannot later walk away from losses by claiming the stockbroker did not maintain written or recorded pre-trade confirmations.

The court was hearing a petition filed by Sharekhan against its former clients, Dr Monita and Kisan Khade, both retired medical professionals. The couple had earlier approached the Investors Grievance Redressal Committee (IGRC), alleging unauthorised trading by a Sharekhan agent, Siddhi Jagade, in the Futures and Options (F&O) segment. In January 2022, the IGRC upheld their claim and ordered Sharekhan to cough up 50% of the losses s...