Beware of those creating a stir in the market, SEBI announced new rules, strict action will be taken

Stock Market New Run: The number of investors in the stock market is continuously increasing. Along with this, the number of people committing irregularities and fraud has also increased. Keeping this issue in mind, SEBI has adopted an aggressive stance and issued new rules. In which he can take strict action against his employees.

Market regulator SEBI has amended the rules governing the services of its employees. In which heavy fine can also be collected from the employees to compensate for the financial loss. This recovery will be done from the salaries and other amounts received by the employees.

abuse of authority by employee

Under this rule, SEBI will take action against any of its employees for abuse of authority or alleged fraud for improper purposes and will also impose penalty of financial loss.

Retired employees should also be controlled

Retired employees of SEBI are also included in the scope of this new rule. SEBI issued a notification on May 6 saying that the new regime will be applicable to employees who have resigned or retired. If they are doing any wrong advertising or malpractice related to the market then strict action will be taken against them. Their graduation will be put on hold.

Rules for investment advisors also

Rules have also been issued for investment advisors. Now investment advisors will have to give information about their presence on social media twice a year. They will have to give this information to a supervisory body. Who is appointed by SEBI? This will enable easier monitoring of investment advisors and prevent fraud.