00:00So as you know that there is a Chit Fund Act which is a separate legislation under which that is
00:06under the state government. State governments have the powers to regulate it. Then there is a BUDS Act also, Banning
00:13of Unauthorized Deposits Act under which the state governments are authorized to take action against any future if anybody is
00:22collecting this.
00:23Then there is also the various state governments have enacted the protection of interest in depositors like OPID Act is
00:34here in Odisha.
00:36And so therefore now the tools are available for the state governments and their local administration to take action if
00:43anybody is doing any unauthorized collection of money.
00:47Besides, if there is a collective investment scheme which can be worth registration, then it comes to SEBI.
00:55So we are also, you know, so what is important is that the people, they understand that where the risk
01:04is high and therefore when regulated sectors where highly regulated like mutual funds is highly regulated.
01:13Everything is regulated, you know, how much the fees they can charge, how much they can do, where they can
01:18invest, how they should invest.
01:20In these products, in these products, similarly there is AIF, there is a PMS, Portfolio Management, if you want a
01:28more customized advice, you have PMS regulations.
01:33When we have, you are high investors, accredited investors, you can go to AIFs, Alternative Investment Funds.
01:42So all of these are regulated products of different types of risks and we, it is, it is duty, it
01:50is duty of everyone, AMC, state governments, everyone to see that people are given this opportunities to understand what are
02:02the avenues available for them to make their investments.
02:05And not to go and get attracted by, you know, high return attraction, the people will actually falsely give and
02:15then they will, the insider trading is a manipulative practice and if it is under, if you find the evidence,
02:23then under the PF, UTP regulations, action is taken.
02:27And the amount which the people make through insider regulation, they can be discouraged, penalty can be levied and they
02:35can also be prosecuted.
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