Pandey said that Sebi had escalated the issue of illegal content with platforms such as Google and Meta.
During an investor consciousness event at NSE here, he said that the arrival of technological tools made it easier for the offenders to post problematic content that investors cheating, and underlines that maintaining trust is important to ensure that no one falls prey.
“More than 1 lakh of such items have escalated in the last 18 months,” he said.
With reference to the results of a recent study among 90,000 respondents from Sebi, Pandey said that only 36 percent of people have a high or moderate amount of knowledge of capital markets, which illustrates that a huge series of people is potentially vulnerable to misleading content.
“This knowledge gap is a vulnerability that exposes our investors to risks and makes them susceptible to fraud,” said Pandey, and called this a challenging proposition given the importance of trust for a country like India. “When trust is broken, the engine of our economy fails. People are reluctant to invest, savings remain unproductive and the capital costs rise,” he warned. Pandey said that investor consciousness is one of the best focus areas for SEBI, and the regulator resorts to a large number of measures on the same, including the use of the media of choice that is aimed at in the survey by investors.
Apart from that, the regulator is also on setting up local offices in the capitals of the state and other important cities in her efforts to reach the last mile, he said, with a number of things that an investor must be wary about.
“First, invest your time. Secondly, do not verify, do not trust blindly. Third, ask for unrealistic promises in question. Fourth, do your own research,” he said, and insisted to read Sebi’s investors Charter.
He pointed to the derivatives market as an example, where SEBI studies have demonstrated more than 90 percent of transactions that end in losses for private investors.
“They (investors) do not fully understand the risks in these products. Derivatives are intended for cover and risk management, not for fast profits that can be illusion,” he added.
In the meantime, NSE’s chairman Srinivas Injeti said at the same event that the largest stock exchange has started a public list to set an example for the wide range of companies that are mentioned.
“We are very much on that track. One of the motivation for NSE to become public is to illustrate that it stands for what it expects from the listed companies and sets a good example,” he said.
as a reliable and trusted news sourceAlthough NSE is not mentioned, it has a wide shareholder base of almost 1.8 Lakh, Injeti said.
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