It is not easy to catch financial influencers: SEBI whole-time member.

Mumbai, November 20 (Language) Ashwini Bhatia, whole-time member of the Securities and Exchange Board of India (SEBI), said on Monday that it is not easy to catch those who cause financial impact by wrongdoing. At the same time, Securities Appellate Tribunal (SAT) expects SEBI to investigate any case strictly.

SEBI’s order can be challenged in the tribunal.

Bhatia said the capital markets regulator has worked on a case having financial implications since issuing the guidelines earlier this year. He termed it a ‘big achievement’.

Addressing an event, Bhatia said, “It is very difficult to catch those who exercise financial influence. The reality is that we have solved a case. This is a huge achievement because this case is legally suitable for the rigor of investigation that the Appellate Tribunal expects from us.”

He said SEBI has to obtain telephone and mobile phone details of an influential person, which takes a lot of time. Such people also keep changing their places.

Bhatia also said that the Systematic Investment Plan or SIP reached Rs 17,000 crore per month in October. It has now replaced the recurring deposits of banks.

He said that in view of this, there is a need for more investment advisors in the country. There are 1,300 such investment advisors in the country. Of these, 500 are not active.

Bhatia said that ideally there should be an investment advisor in every street and locality.


Raman Ajay


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *