Brokers' forum welcomes Sebi's move to ease investing process

BSE Brokers Forum also welcomed the progress on the impending merger with Sebi of the FMC

BSE Brokers Forum has welcomed the Securities and Exchange Board of India (Sebi)'s initiative to use technology for easing the investment process and to facilitate investor education through social media.

Vice-Chairman Alok Churiwala said, "These initiatives will go a long way in increasing the bandwidth of capital market, in sync with the government of India's plan of Digital India, to build a robust, safe and vibrant investment culture."

Churiwala also welcomed the progress on the impending merger with Sebi of the Forward Markets Commission (FMC). He said he hoped it would aid in swift recovery of investors' wealth in the National Spot Exchange scam. He also welcomed the Sebi initiative on GIFT City.