Sebi's conflicting signals toward investor interests

The primary mandate of the Securities and Exchange Board of India – Sebi - is to protect investor interest and the development of the securities markets. Recent decisions of the regulator appear to be sending conflicting signals on that score. In less than a week, it has come up with two decisions that raise questions on whether the underlying principle in its actions are as envisaged in its preamble. The latest order to stock exchanges to