SEBI’s new Investment Adviser Guidelines consultation/amendment note of October 7,2016 Clause 4.6.3 a) proposes that “No person shall organize or offer any scheme/competition/game/ league on securities or related to securities market”….this is sadly a blanket ban ,yet understandable as was aimed at Trading Leagues that were a win win for those conducting them & in my view encouraged over trading .In my case TAP GAP never solicited business or monies to participate & in fact winner/s I chose from all entries ,received my blog hamper in appreciation.As I feel TAP GAP has been serving a very good fundamental purpose,and therefore was rising in popularity, of informing & educating public investors at large ,I intend to have a dialogue with SEBI on this and get their green signal to continue with this
Dear Sir,
Aren’t we getting to participate in TAP GAP this year
SEBI’s new Investment Adviser Guidelines consultation/amendment note of October 7,2016 Clause 4.6.3 a) proposes that “No person shall organize or offer any scheme/competition/game/ league on securities or related to securities market”….this is sadly a blanket ban ,yet understandable as was aimed at Trading Leagues that were a win win for those conducting them & in my view encouraged over trading .In my case TAP GAP never solicited business or monies to participate & in fact winner/s I chose from all entries ,received my blog hamper in appreciation.As I feel TAP GAP has been serving a very good fundamental purpose,and therefore was rising in popularity, of informing & educating public investors at large ,I intend to have a dialogue with SEBI on this and get their green signal to continue with this