Hold stock market experts accountable on national TV

Recent signers:
Dr. Deepak K M Gowda and 19 others have signed recently.

The Issue

 

 

 

In today's fast-paced world, millions of Indians turn to national television to gain insights on stock market trends and make informed financial decisions.

 

 However, a growing concern is the lack of accountability among stock market experts appearing on these networks. When these experts provide inaccurate predictions or misleading information, it can have a devastating impact on people's lives, leading to financial losses and a lack of trust in financial media.

Here are the facts: according to a study published by SEBI, around 90%  of stock market participants made losses .Moreover, a recent survey indicated that 68% of viewers would like to see more transparency regarding financial expert predictions on TV.

To address this issue, it is imperative to establish a system where stock market experts are held accountable for their on-air statements. We are proposing the following actionable solutions:

1. **Expert Track Record Public Access**: Create a publicly accessible database that tracks the accuracy of each expert's predictions over time. This would allow viewers to make more educated decisions based on an expert’s historical performance.

2. **Mandatory Disclosure of Conflicts of Interest**: Ensure that experts disclose any personal or institutional interest in the stocks or financial products they discuss.

3. **Annual Review of Experts**: Networks should perform an annual review of all stock market experts, evaluating their accuracy and reliability, with this review being publicly available.

4. **Create a Financial Expert Consumer Board**: Establish a board comprised of independent financial experts and consumer advocates to monitor and report on expert advice quality on national TV.

 
5.** To include Journalists & anchors in the same category as registered advisors & expect Same level of disclosure & transparency 


 These measures, combined with strong regulatory oversight, will enhance the integrity of financial reporting and restore public confidence. We urge major broadcasting networks and relevant authorities to adopt these solutions immediately to protect the interests of viewers and ensure responsible financial reporting.


Join us in demanding accountability and accuracy from stock market experts on national television. Sign this petition to bring about meaningful change.

avatar of the starter
Red Boxx IndiiaPetition Starter

234

Recent signers:
Dr. Deepak K M Gowda and 19 others have signed recently.

The Issue

 

 

 

In today's fast-paced world, millions of Indians turn to national television to gain insights on stock market trends and make informed financial decisions.

 

 However, a growing concern is the lack of accountability among stock market experts appearing on these networks. When these experts provide inaccurate predictions or misleading information, it can have a devastating impact on people's lives, leading to financial losses and a lack of trust in financial media.

Here are the facts: according to a study published by SEBI, around 90%  of stock market participants made losses .Moreover, a recent survey indicated that 68% of viewers would like to see more transparency regarding financial expert predictions on TV.

To address this issue, it is imperative to establish a system where stock market experts are held accountable for their on-air statements. We are proposing the following actionable solutions:

1. **Expert Track Record Public Access**: Create a publicly accessible database that tracks the accuracy of each expert's predictions over time. This would allow viewers to make more educated decisions based on an expert’s historical performance.

2. **Mandatory Disclosure of Conflicts of Interest**: Ensure that experts disclose any personal or institutional interest in the stocks or financial products they discuss.

3. **Annual Review of Experts**: Networks should perform an annual review of all stock market experts, evaluating their accuracy and reliability, with this review being publicly available.

4. **Create a Financial Expert Consumer Board**: Establish a board comprised of independent financial experts and consumer advocates to monitor and report on expert advice quality on national TV.

 
5.** To include Journalists & anchors in the same category as registered advisors & expect Same level of disclosure & transparency 


 These measures, combined with strong regulatory oversight, will enhance the integrity of financial reporting and restore public confidence. We urge major broadcasting networks and relevant authorities to adopt these solutions immediately to protect the interests of viewers and ensure responsible financial reporting.


Join us in demanding accountability and accuracy from stock market experts on national television. Sign this petition to bring about meaningful change.

avatar of the starter
Red Boxx IndiiaPetition Starter
231 people signed today

234


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