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SEBI to introduce reforms to safeguard retail investors

The regulator wants to initiate an equity culture where people invest on a long term basis

October 30, 2012 4:11 IST | India Infoline News Service
To attract retail participation, SEBI (Securities and Exchange Board of India) plans to introduce several reforms, according to media reports.

The regulator said that it will not allow companies to raise funds through IPOs (initial public offerings) if their data and information is unclear and investors’ interest is not taken into consideration, the reports added.

SEBI Chairman UK Sinha said that the new reforms aim to balance the need of retail investors and the need for encouraging more people to invest in the equity market. The regulator has also noticed that investment into the industry was shrinking from beyond the top 15 cities.

The regulator wants to initiate an equity culture where people invest on a long term basis. Pension is another area where reforms are necessary for developing an equity culture, the reports concluded.

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