When Geojit tried to fix what the regulator couldn't
Mint Mumbai|February 05, 2024
When warnings from the regulator and steep losses for clients failed to curb the retail frenzy for derivatives, Chenayappillil John George took matters into his hands.
Ram Sahgal
When Geojit tried to fix what the regulator couldn't

Five months ago, the founder and MD of Geojit Financial Services put up hoardings at 180 spots across the broking company’s home state of Kerala, flagging the pitfalls of derivatives trading in which most retail traders lose money.

By his own admission, George wasn’t guided by "altruism" but "sound logic" that a business which resulted in "big-ticket losses" for his clients wouldn’t be sustainable in the long term. The funds for the campaign, came from the listed company’s corporate social responsibility (CSR) funds of nearly ₹3 crore.

Geojit’s hoardings cite points from a Securities and Exchange Board of India (Sebi) study highlighting the steep losses in derivatives trading and urge investors not to fall for fake claims of super-riches. The campaign will run till the end of March.

この記事は Mint Mumbai の February 05, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint Mumbai の February 05, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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