The Securities and Exchange Board of India (SEBI) is planning to shift responsibility of informing clients of transactions in their accounts, to stock exchange so that brokers cannot misuse their funds. The proposal, if implemented, will give alert messages to clients immediately after trading transacted in their respective accounts, unlike in the past when intimation was given by brokers. As stated by a regulatory official, “SEBI will soon ask stock exchanges to set up such a mechanism which will alert investors about any trading transaction done from their accounts via SMS or e-mail.