Posted 3/11/2024, 5:02:07 PM
Sebi Chief Flags Bubble Risks, Seeks More Disclosure to Protect Investors
- Sebi chief concerned about risk of stock market bubble due to factors like ED investigation into routing of betting proceeds into smallcaps
- Sebi wants mutual fund trustees to formulate policies to manage bubble risk; will release stress test disclosure norms for small/mid-cap funds
- Sebi wants more risk disclosure from SMEs planning IPOs due to price manipulation concerns
- Tata group stocks fell on reports Tata Sons plans to avoid listing by September 2023
- Sebi expanding qualified stock broker framework to bring more brokers under enhanced obligations, strengthen compliance culture