{
  "id": 6439894,
  "title": "A Regulator Must Protect Interests Of All Investors Small And Big, Not Just The Largest Ones",
  "url": "https://urgent.news/2026/09/09/a-regulator-must-protect-interests-of-all-investors-small-and-big-not",
  "topic": "world",
  "section": "World",
  "published": "2026-09-09T15:53:02.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/analysis/a-regulator-must-protect-interests-of-all-investors-small-and-big-not-just-the-largest-ones"
  },
  "original_language": "en",
  "account": "India's capital markets were originally envisioned as open, transparent, and fair spaces for all investors, from large institutions to individual traders. However, recent changes by the Securities and Exchange Board of India (SEBI) appear to be favoring larger players at the expense of smaller participants. The Closing Auction Session (CAS), introduced on August 3, now features a 20-minute dedicated auction for stocks with derivatives, replacing the previous volume-weighted average price. Critics argue this change has led to a collapse in equity derivatives turnover and reduced confidence among smaller traders, who are less able to absorb sudden market movements. SEBI's handling of the situation has been criticized for failing to address the concerns of retail investors, who are left to absorb the consequences of an experiment they did not request. Additionally, SEBI's revised block deal framework has widened price bands and increased minimum deal sizes, further concentrating market activity away from the continuous market and towards block deals. This shift may reduce liquidity and market transparency for smaller participants. SEBI's mandate is for investor protection and market development for all, yet it appears to be prioritizing the interests of larger players, potentially diluting the unique qualities that once set India's markets apart.",
  "summary": "India’s capital markets were never meant to be a private club for institutions. They grew because ordinary Indians trusted them to be open, transparent, and fair. That trust is now under strain. SEBI is reshaping the rules in ways that make life smoother for large players, while increasingly leaving retail traders and small investors to absorb the shocks. The danger is not that institutions are…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}