|  Sebi to regulate analysts -
December 15th, 2006
Sebi to regulate analysts
MARKETS BUREAU
The Securities and Exchange Board of India (Sebi) plans to formulate regulations to arrest ‘agenda-driven content’ provided by the market analysts and experts in the media on the securities market operations. The regulations are necessary to safeguard the interest of the retail or average investors, Sebi said.
“We will find ways to deal with that in the interest of the average investors,” Sebi chairman M Damodaran said while unveiling ‘BSE Broadcast’ – a stock price ticker and video screen on the exterior wall of the BSE building.
He said an agenda driven content was being provided to investors in the garb of information in a section of both the print and electronic media.
Earlier this year, Sebi had asked Mathew Esaw Financial Services, a consultancy firm owned and operated by Kolkata-based analyst Mathew Esaw to cease and desist from giving any recommendations about any investment in the securities market in any public media which amounts to the violations of Sebi’s relevant regulations.
Sebi had also warned the website which carried Mathew’s investment recommendations saying that being a website with a wide reach, it has a responsibility for exercising due care and diligence to ensure that persons with proven credentials of giving fair and truthful information and analysis alone are allowed to give advise on the portal so that the portal is not misused by persons giving advice purely on considerations of personal gains.
The regulator has been considering keeping a watch on such recommendations doled out by analysts, brokers for a quite a long time now.
Sebi felt that such advices without any disclosures definitely influences investment decisions of the lay investors and as a part of ongoing analysis, the recommendations given by Mathew Esaw for a period of 6 months (June-December 2005) were examined by Sebi and stock exchanges.
It was observed that Mathew Esaw gave buy recommendation for four stocks namely CESC, Ahlcon Parentals, Albert David and Kalpana Industries.
Imagination is like a magic carpet.. It can take you Anywhere.............. Be Creative, Learn about-
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Ideas Create.... Values Protect!!
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Praveen(love_gundu)
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
| 
![BMS MBA Helper[/url]](http://www.managementparadise.com/forums/images/reputation/reputation_pos.gif)
Linear Mode
