Stub Fi­nan­cial Mis-sell­ing

The Economic Times - - The Edit Page -

Apro­pos the Edit, ‘Needed, a Fi­nan­cial Re­dres­sal Agency’ (Aug 3), as the stock mar­ket is at an all-time high and the in­ter­est rate on sav­ings ac­counts will fall fur­ther af­ter the repo rate cut, there is a pos­si­bil­ity that agents will try to lure or­di­nary savers to­wards the mar­ket with du­bi­ous claims. It is not that the small in­vestor should stay away from the mar­ket, but she should be well-in­formed about the as­so­ci­ated risks. We need a fi­nan­cial re­dres­sal agency to stop mis­selling of fi­nan­cial prod­ucts.

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