Yesterday, SEBI sent out a circular/note/memo/whatever cautioning market intermediaries about spreading unverified news – using electronic media (email/SMS) to spread rumors to manipulate market prices of stocks.
I wish they would exercise similar due diligence to their own ads and the ads placed by the entities directly regulated by them.
Recently, there have been ads both from SEBI and NSDL about “Dematerializing” mutual fund units. Apparently, investors now have the facility to dematerialize their mutual fund units and be free of paper.
Look at the image from the NSDL Ad – the investor is burdened with paperwork, and after he “demats”, he is no longer burdened with paper!
What a load of crock!
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