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About Me
- Sandeep Parekh
- Sandeep Parekh is the founder of Finsec Law Advisors, a financial sector law firm. He was formerly an executive director of the Securities and Exchange Board of India (SEBI) where he headed the Legal Affairs and Enforcement Departments. Sandeep is a visiting faculty at IIM, Ahmedabad and has worked for a law firm in Delhi, Mumbai and Washington, D.C. He holds an LL.M. (Securities & Finance Regulation) degree from Georgetown University and an LL.B. degree from Delhi University. He is also admitted to practice law at New York and is a member of Mensa. He is a World Economic Forum “Young Global Leader” and has been invited to speak at Davos. Sandeep was a chairman and member of various SEBI and RBI Committees and sub-committees.
2 comments:
I am sure this idea may not sound nice and go well with the concerned people....but atleast one experienced,professionally qualified broker (recently retired...probably!) should be a whole time director - with proper checks and balances if necessary; They are in touch with the markets and its manipulative tactics. their expertise can be put to better use by the regulator. probably the movie " catch me if you can" tells the same thing!
I fully agree - someone with credibility in the broking sector, or someone who is semi-retired or retired would do a great job.
In fact the first US SEC Chairman, Joseph Kennedy, was a rouge trader who engaged in every kind of manipulation and financial misconduct. When someone asked F D Roosevelt 'but he's a crook, why did you appoint him?'. His reply was classic 'It takes a crook to catch another'.
But I think, the relevant authorities may not be averse to the idea if the name of someone with the relevant experience crops up.
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