The small investor

Sir, - The article ``A tale of two investors'' (The Hindu, August 6) rightly highlights the problems of the small investors. While the investment in Stock Market carries an element of risk, the small investors who invested in the rated finance companies expecting a regular income are the worst hit. The policy makers, the regulators and the enforcement agencies have abdicated their responsibilities to this class of investors. This is highly distressing.

The initiatives taken by the Tamil Nadu Government in organising monthly meetings with the depositors in the office of the Commissioner of Police, Chennai, under the aegis of the Economic Offences Wing (EOW) offered the only ray of hope. The Tamil Nadu Act to protect the interest of the depositors should also cover the incorporated companies enabling the special court to handle the cases of their default.

J. Ramdas,

Chennai

Send this article to Friends by E-Mail

Section  : Opinion
Previous : Skewed logic
Next     : Beyond Kumaratunga's aborted initiative