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Don’t mollycoddle the retail investor

November 25, 2021 / 01:36 PM IST
Don’t mollycoddle the retail investor

After Paytm’s disastrous debut in the stock markets, hearts have been bleeding for the retail investor across social media and op-ed pages. The demands of these commentators have ranged from the ridiculous to the bizarre. For instance, some want a separate exchange for loss making companies. Others want investor losses to be compensated. Yet others want the Securities and Exchange Board of India to have control over pricing and merchant bankers to be penalised. It’s true that SEBI relaxed rules to...

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