Is this the end of a 'retail investor friendly' era?

Mr Bhave has been the most investor friendly administrator. In case a super regulator is put in place as suggested by the finance minister, he must find a place in that board.

Bhave"s contribution to the Securities market has been immense.His first priority was the of the retail investors.He deserved an extension.Despite reforms in the securities market ,the intermediaries are running amuck.Grievance redressal is in a pitiable state.Complaints against the DPS do not get redressed for years together.
Our complaints against ANAND RATHI ,who lost our shares of Aeiges Logistics(200Equity)&Venlon Polyester(360 equity)given in june,2006(BOID 1201060000421099)have still not been resolved despite writing to SEBI(reference no.MIRSD -1V/ag-DP/cdsl/199509/10 dt. 17-2-10 &CDSL no.IG/SBK/2010/2779 DT.19-5-10,despite dozens of letters &EMAILS to DP/CDSL AND SEBI during the last four years on purely frivolous grounds.And now there is a proposal to form a SUPER REGULATOR FOR THE FINANCIAL SECTOR?

No! I don't think so. Remember what happened after T N Sheshan, the election commission didn't lose its sheen and we continue to get the free and fair elections in all the states, similarly we expect from other independent authorities. Change is the way of life and we should accept it.

One can cite a phase difference in the economic status of developed & developing economies (esp. BRIC). The sentiments of consolidation (prevalent in developed economies) can be very ephemeral - as the issues of inflation & credit-payback may surface in the near term. It would be very interesting to witness the changing recipe of world economy in next 10-20 months - as there are no clear winners. Thanks to the indigenous issues fostered everywhere.

Yes. Today i.e on 1 Feb 2011, the GoI has officially announced the appointment of Shri Sinha as the next SEBI chief. When the mutual fund industry came to know about his appointment some days back, they immediately started voicing their views about the differntial entry load and one should not be surprised if the entry load regime may be introduced in some form or the other by SEBI AND as you rightly said there is no one to protect the retail investor.
Let us hope that the wise counsel will prevail and the new SEBI chief will continue the good doings introduced by Shri Bhave.

Bravo BHave!

Well, from the days of close knit brokers strangulating what was then a single market BSE, in late seventies thru to early eighties, Stock Exchange to the retail investor was literally a black box. One had to accept whatever these brokers (predominantly from one community!) wrote in the slip as the best price they could buy or sell in executing your orders. NSE creation, as a fully automated and price transparent mechanism is virtually a one man show - none other than Bhave. Then came the revolution to take its access to every corner of the country. Now I can be in Dalal Street (well, for sentiment sake, though bulk of the action takes place at Kurla's NSE's non-stop Stratus computers, virtually killing the mafia controlled BSE), sitting anywhere in the country (and abroad, oops sadly letting in PNs - not Bhave's making, though), without steppting your feet on every dirty Dalal Street!! I am not kidding when I said BSE is killed - look at the contract numbers you got off BSE on two consecutive days vs same from NSE. Yet, we need the show piece called BSE, besides sentimental reasons, to give some continuing competition to NSE, so that NSE does not become monopoly controlled by a few from the same or other community. Retail investors have to really thank Mr Bhave, for what he had done to give access to all and make the whole process transparent. Consequently, the able few and large ones have since migrated to the board rooms to continue with their fraudulent activities. IN our country, I am sure it is a matter of surprise that a man like Bhave continued on for this long & that in itself is a credit to him, considering the scores of enemies he had created as went along, just to be truly fair & friendly to retail investors. Not at all surprising that MF lobby managed get somebody to press an eject button! The systems put thus far is so difficult for any future nominee of the shady-lobbyists, to undo! Yes, I too wish he continued for a few more years - besides all else, he still has age and energy to his advantage; but, you win some and you lose some. Bravo Bhave!!

YES, SHRI BHAVE'S EXIT IS VERY UNFORTUNATE. HE IS ONLY ONE, TO WHO, RETAIL CONMAN INVESTOR HAS FAITH, THAT HE WILL JUSTIFY THEIR ORIGINAL INSIDE VIEWS ABOUT INVESTMENTS, SINCE HE WAS AWARE OF BOTTOM TO TOP MECHANISM & HOLES IN SYSTEM.

WISH HIM BEST FUTURE

An out and out corrupt govt, worst class politicians, corporates and top govt officials cannot stand an honest, upright SEBI Chairman, who is wedded to the declared purpose of SEBI and doing pioneering work for small investors and in long term for furthering healthy growth of capital markets. PM Manmohan Sing has been the most disappointing and letting down creature ever produced in this country.

IT IS HUMBLY REQUEST TO GIVE VERY SHORT/ VERY BRIEF TO INCREASE OUR INTEREST TO READ U.WHAT ARE GOOD STOCKS TO WATCH ETC. THE HISTORY AND LENGTHY PARA ARE NOR READABLE IN NORMAL WORKING ON DAILY BASIS.

Mr. Bhave has done a great deal of good for the ordinary retail investor. His tenure should be extended for another 2 years to enable him to finish the tasks he has already taken up on hand.