In this article, the authors discuss the recent amendments to India’s securities regulations, particularly focusing on the introduction of mandatory verification of market rumors by top-listed companies. They examine the objectives behind this amendment, which aim to enhance transparency, market stability, and fairness. The authors also present concerns about the practicality and potential unintended consequences of requiring companies to confirm, deny, or clarify every piece of information reported in mainstream media, especially regarding rumors. They compare this approach to the United States’ stance on addressing rumors in the securities market, highlighting the challenges and complexities associated with the new Indian regulation. Ultimately, the article raises questions about the feasibility and effectiveness of the amendment and calls for a shift in mindset to successfully implement these changes. Continue reading Addressing Market Rumors via the LODR Amendment: Necessity of the Hour or a Regulatory Flaw?