Central agency needed to curb mis selling menace
Whilst newage investors require protection from unregulated finfluencers there is an urgent need for a centralised investor grievance redressal agency that will provide protection for older investors to whom financial products are mis-sold and their grievances fall through the regulatory gaps. First mooted by the Financial Sector Legislative Reforms Commission ( FSLRC) the expert committee appointed by the Supreme Court (in the Hindenburg report matter) has reiterated the recommendation. Harsh’s article in the Business Standard.