Sebi flags misuse of SME platform, plans simpler rules to deepen mkt access

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  Underscoring the growing importance of small and medium enterprises (SME) platforms as “powerful engines” for capital formation, the Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Wednesday flagged “egregious instances” of SMEs misusing regulatory relaxations, including diversion of funds and market manipulation. “These instances adversely affected investor confidence,” Pandey said,…