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  • Secondary Market: Presented by Bhagya.P.P

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    The secondary market refers to the financial market where previously issued stocks, bonds, and other financial instruments are bought and sold. The Securities and Exchange Board of India (SEBI) regulates the securities market in India and was established in 1992 through the SEBI Act. While SEBI claims to protect small investors, provide information, and take action against insider trading, the document argues that in reality SEBI lacks the ability to truly protect investors or spot issues like insider trading. It also questions whether some of SEBI's actions actually benefit small investors.

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    The secondary market refers to the financial market where previously issued stocks, bonds, and other financial instruments are bought and sold. The Securities and Exchange Board of India (SEBI) regulates the securities market in India and was established in 1992 through the SEBI Act. While SEBI claims to protect small investors, provide information, and take action against insider trading, the document argues that in reality SEBI lacks the ability to truly protect investors or spot issues like insider trading. It also questions whether some of SEBI's actions actually benefit small investors.

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    20 views6 pages

    Secondary Market: Presented by Bhagya.P.P

    Uploaded by

    riyasacademic
    The secondary market refers to the financial market where previously issued stocks, bonds, and other financial instruments are bought and sold. The Securities and Exchange Board of India (SEBI) regulates the securities market in India and was established in 1992 through the SEBI Act. While SEBI claims to protect small investors, provide information, and take action against insider trading, the document argues that in reality SEBI lacks the ability to truly protect investors or spot issues like insider trading. It also questions whether some of SEBI's actions actually benefit small investors.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    Secondary market

    Presented by Bhagya.P.P

    SECONDARY MARKET
    The secondary market, also called aftermarket, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.[

    CONSTITUENTS OF SECONDARY MARKET

    SEBI
    The Securities and Exchange Board of India (frequently abbreviated SEBI) is the regulator for the securities market in India. It was established on 12 April 1992 through the SEBI Act, 1992.

    ROLE OF SEBI
    1. SEBI is here to protect the small investor: Well tried! Nobody is here to protect the small investor, but to keep the small investor a facade has to be created. So along with MCA, ROC, IRDA, CLB, ..one more body was needed to complete the alphabetic soup so the alphabets S, E, B and I have been included. 2. All information is available on the SEBI site: I dare you to find the list of brokers who have been prosecuted surely even they cannot find it. It is an old trick. If some body asks you for information give it in such a muddled form a 500 page report with references, clauses, sub-clauses. 3. They take suo moto action on insider trading: It is the stock exchanges who have the data scanning ability to find a pattern in things like insider trading. The regulator sadly lacks the technical ability to spot and find a pattern in the trades and prices.

    CONTD.
    They do very investor friendly things: If insisting that the shareholders should get the full copy of the balance sheet is a good step, then you may be right, but I am not sure. One prominent industrialist said let people ask for a full report rather than send it as a default option. SEBI said NO. So all of us get big, bulky balance sheets and 99% (I am sure that I will not need to change it from here) of us who receive it will chuck it out without reading itsad but true. 5. Removing the entry load is a fantastic thing for the small unit holder: Well the small investor (what ever it means) is likely not to get any service from the vanishing distributor. It is likely that he/she will go to the net and make and investment or go to a broker and pay brokerage instead of an entry load aaj ke liya itna panga bas:(

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