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
2 thoughts on “Happy 2017 ~ Bottoms Up!”
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