Tags:
Journalism of Courage
Market regulator Sebi has ordered Mathew Easow, chairman of Mathew Easow Research Securities Ltd, to cease and desist from giving any recommendations about any investment in the securities market in any public media. Sebi has found that Mathew Easow took an opposite trading position to what he recommended to the investors at large and he also started selling the stock after giving an opposite advice to the market.
Sebi also advised moneycontrol.com 8212; which put the recommendations of Easow on its website 8212; that it 8216;8216;has a responsibility cast on them for exercising due care and diligence to ensure that persons with proven credentials of giving fair and truthful information and analysis alone are allowed to give advise on the portal so that the portal is not misused by persons giving advice purely on considerations of personal gains8217;8217;.Sebi raised concern over misleading information that affects the market integrity.
