The capital markets regulator, Sebi, has recently joined the social media platform ‘X,’ with its chairman, Tuhin Kanta Pandey, launching the official account. The account is identified by the username @SEBI_updates.
Sebi clarified in a disclaimer that the content shared on the social media handle does not constitute a rule, regulation, circular, guideline, or official statement of the Board. Instead, it serves as a medium for disseminating information, which is also available on Sebi’s official website.
Furthermore, Sebi stated that any reposts, follows, or likes by its social media accounts should not be interpreted as an endorsement of any individual, group, or entity.
The regulatory body has also developed an investor charter aimed at promoting transparency, enhancing awareness, and fostering trust and confidence among investors. This investor charter encompasses the vision and mission statement, the rights and responsibilities of investors, the investor grievance redressal mechanism, and guidelines on what to do and what to avoid when investing in the securities market. It provides a comprehensive overview of investors’ various rights and responsibilities.
Additionally, Sebi has issued broad guidelines on investor charters to relevant entities, advising them to develop their own. The investor charter is intended to ensure that all investors have access to clear and concise information regarding their rights and responsibilities.
Among the recommended practices for investors are: thoroughly reading and understanding documents before investing, familiarizing themselves with the Investor Grievance Redressal Mechanism, understanding the associated risks before investing, and maintaining their account statements while promptly addressing any discrepancies.
The recommended practices for avoiding include refraining from making cash payments beyond the prescribed limit for securities market investments and not sharing critical information, such as account details, login IDs, passwords, and DIS, with anyone.