int content on stocks
| M Damodaran, chairman of Securities and Exchange Board of India (Sebi), today said the regulator was looking at ways to regulate stock market-related analysis and comments appearing in both the print and electronic media to ensure that general investors were not misguided by vested interests. Damodaran was speaking after unveiling the `first-of-its-kind' live stock price ticker and video screen on the exterior wall of the Bombay Stock Exchange building this morning. Damodaran hinted that the regulator may be forced to control content in the media if free-flowing, stock-specific advises by so-called experts go unchecked - mostly in the electronic media and to some extent in the print media. The comments by the capital market regulator comes in the wake of a growing feeling that at least some of the free advises on stock purchase/sales may be done with a vested interest. Sebi had, earlier this year, asked Kolkota-based Mathew Easow and his associates to "cease and desist" from giving any recommendations relating to the securities market in the media following alleged misleading tips to investors. "Misleading information affects the market integrity as unsuspecting investors fall an easy prey to such information while making investment decisions," Sebi had said in the order. |
