Rackets shining brightly

Over the last few days, the investment media and social media have been abuzz with SEBI's interim order regarding a company named Brightcom. If you have any interest in the equity markets at all, you too must have heard all about it. The promoter and CFO of Brightcom have been prohibited from holding directorial positions and have been barred from the securities markets. 21 others, including a well-known stockbroker who is in the financial media a lot, have been prohibited from selling their holdings in the company. At one level, I find it tedious and tiresome and a waste of time to even read any news about this company and this sordid scam, let alone make the effort to write about it. On social media, there are two kinds of reactions to this news. One is of shock and horror that goes, "OMG