There is a need for new investors to take informed investment decisions without getting lured by false promises and unsolicited advice, Sebi chairman Ajay Tyagi has said as the regulator spearheads World Investors Week celebrations in India beginning Monday.
Every year, the World Investor Week (WIW) is celebrated the world over, under the aegis of IOSCO, the global body of securities regulators, in order to give further impetus to the various investor education and awareness initiatives.
The WIW is celebrated in more than 100 jurisdictions across the world.
Sebi has been participating in the celebrations along with exchanges, depositories, investor associations, commodity derivative trainers and resource persons since 2017.
Sebi is the national coordinator for the WIW in India, which will be celebrated this time from November 23-29.
“There is a need for the new investors to make informed investment decisions. Thus, investor awareness and education play an important role in educating the ivestor. One should not get lured by false promises and by unsolicited advice,” Tyagi said in a special message on this occasion. Economic function of the securities market is to ensure that savings get channelised into productive investment proposals, which lead to capital formation and economic growth, he said.