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Bring more retail investors to market: Jaitley to Sebi

Jaitley addressed the members of the SEBI Board and senior officials of SEBI at New Delhi

August 11, 2014 6:02 IST | India Infoline News Service
Finance Minister Arun Jaitley on Sunday asked Sebi to be vigilant about possible violations in markets and focus more on attracting retail investors and addressing their grievances.

Jaitley addressed the members of the SEBI Board and senior officials of SEBI at New Delhi. This was his first interaction with the SEBI Board members after taking charge as Finance Minister.

UK Sinha, Chairman, SEBI welcomed the Finance Minister and apprised him of the initiatives taken by SEBI.A presentation was made by SEBI on the status of the securities market. Implementations of Union Budget announcements related to SEBI were also discussed.

The Minister advised SEBI to remain vigilant about probable violations in the market, focus more on attracting the retail investor and on redressing investor grievances. The current state of the investment climate in the country and the recommendations of FSLRC were also discussed.

UK Sinha, Arvind Mayaram, Naved Masood, P.C.Chhotaray, Prashant Saran, Rajeev Agarwal, S. Raman, Executive Directors of SEBI and other senior SEBI officials attended the meeting.

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