Friday, January 18, 2008

Know Your Broker & THE System !!

This blog was created to highlight the many shortcomings in
THE share trading system in India ( NSE & BSE ) inspite of
SEBI being in existance since 1992.

After three years of extensive research across many brokers/
corporate broking firms,either directly or through referrals,
this author has found convincing evidence(s)of misgovernance,
utter lack of investor friendly systems and non-adherence to
the best practices or SEBI authorised procedures. Now whether
this is by default or done deliberately is anybody's guess !

That FRAUD is possible ( need it be so ? ) and occurs with
frightening regularity is one bitter pill which the common
investor has to, per force, swallow time and again.
And, instead of rectifying the shortcomings in the system,
this is what the Finance ministery / SEBI officially state :
"The stock market is not for the individual investor.
An individual is advised to invest in the equity market
through mutual funds only."

WHY ? This is one question which begs asking !!

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