WELCOME THE PROPOSAL OF SEBI TO SEPARATE BROKERS FROM INVESTORS' MONEY

WELCOME THE PROPOSAL OF SEBI TO SEPARATE BROKERS FROM INVESTORS' MONEY

I have been reading the news in the Press and Media since yesterday that the Capital Market and Securities Market Regulator SEBI (Securities and Exchange Board of India) is mooting the Proposal to Separate the Investors' Money from the Brokers ... it is an Welcome Move.


In fact SEBI is seeking public opinion about it and I say it will be good move if implemented effectively.

Giving a Business Standard Link below for any one not read about it :

Right now I have no present and live interest on this subject, however, since it is a subject that involves Good National Interest with my Unbiased Opinion I welcome it as a Management Expert. My Opinion is also not unfounded, it is based on lot of past experiences on the subject.

It is a practical problem and it goes without saying, based on my past observations, that there would be always an "Undue and Unholy Eye" on the investor's money by the Brokerages always, it is almost inevitable and unavoidable. The moment the Investor's money goes to the hands of the Brokerages, it is most of the times will be usurped to some extent, to a large extent and in some cases even fully by various ways and means the Brokerages will deploy by hidden ways. The Small Investors mostly and invariably are the un-escaping preys.

It is also a fact and quite natural, that the small investors largely, lose money in the fray of the Brokerages, will keep quiet crying having no other go. Like "a wound at the wrong place of the body", they will not be able to see and show it to others as well. It remains a fact. It will not be disclosed and it will remain digested as untold pains, that is the story always with the small investors.

Let me also say very clearly, the Brokerages of even the Very Big Banks and the Very Big Corporates which are parts or group entities of their Conglomerate and Giant Groups, do not even spare the Small Investors as good as the Smaller Brokers. Their Employees and Executives ( of those Big Bank Brokerages or Brokerages of Big Corporates ) will be as bad and sucking the small investors as that of the smaller ones.

I remember, once a team of executives from the Brokerage of a Big Private Bank had visited me in the past and a few years back, as I had escalated to the level of the Vice-Chairman and the MD of that Bank on some issues of my very small trading account I had with them in the past, it would not be fair to name that Bank and its Brokerage.
After the meeting, one of the Executives who was very kind to me somehow and had liked and respected me very much for some reasons, had told me privately that "Sir, please close your account from this Brokerage for your own good interest". It was their employee and executive who had said to me, I remember him very well for his noble act, even that defied his own employer, he was honest in saying that to me and I had closed that trading account and stopped everything.

As I said at the beginning of this note, even if I do not have any involvement on this subject presently and  right now, for the sake of National Interest, as a Management Expert in my Opinion this Proposal of SEBI is Welcome.

I am placing this post at my Blog : drnimain.blogspot.com which is at a public space so that this opinion as a public opinion may travel to the right place where it is needed.


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.



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