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SEBI should act to protect retail investors who continue to buy the bankrupt airline’s shares, whose value will be wiped out almost entirely.

Did you know that one not so fine morning your holding in Jet Airways can fall by 99%?
That is, if you hold 100 shares of Jet Airways in your demat account today, you will be left with just one share. This is not a mere possibility—it is going to happen suddenly in the near future.
We are writing about this open secret because the Securities and Exchange Board of India too knows this eventuality but isn't doing anything to stop trading in the Jet Airways stock. In the meanwhile, investors are having a ball trading the stock, which rose …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.