Market manipulation and price rigging continue to be the biggest concerns for investors, despite harsh actions taken by the capital market against unscrupulous operators for cornering IPOs and trading on insider information. Securities transaction tax (STT) and corporate governance lapses are the other worries, according to a large number of investors who participated in a recent online poll conducted by the BSE Brokers' Forum, an association of stock brokers registered with the BSE. Of the 1,000-odd respondents, nearly 86% feel price manipulation is widely prevalent in the stock market. They feel that present laws are inadequate to prevent growing instances of manipulation and more action should be taken to curb such malpractices.
Source: Economic Times
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