The Chelokbabis have a class, but the shareholders do not! / Will the micro-shareholders’ association be rented?

According to reports Trade News, The issue of forming a union called the Association of Micro or Real Shareholders has been raised for 20 years. The formation of this center, which at some point in time has come to an end, however, is a point of contention. Some experts see its formation in favor of shareholders, and some see it as a place to rent.

Payam Eliaskordi, a stock market expert, said: “20 years of efforts have been made since the beginning of the eighties to establish a small shareholders’ association. Even in 1984, small shareholders had a room, which unfortunately disappeared.

He continued: “Many times different groups made efforts in this regard.” But the government and the stock exchange organization were prevented because of their sensitivities. Of course, in the meantime, profiteers also wanted to ride the wave of support for small shareholders and pursue their own interests.

Eliaskordi clarified: The Chelokbabis also have a guild, but the small shareholders, who have also suffered a lot, do not have a guild. Seriousness is needed in this regard. It should not be so strict at the beginning. The important point is that micro-shareholders must be independent.

The expert said: At the beginning of the work, people from the capital market, who are acceptable and considered by the majority, should take action to set up this center. These people should not be affiliated with a financial institution or a stock exchange organization.

How necessary is the formation of the center?

He said: “The government or the stock exchange organization may not be willing to form a small shareholders’ association, but this is necessary.” In the past, profiteers made efforts for personal purposes in this area, and this has caused market participants to be sensitive about the formation of this center.

Pointing out that there is no other way to realize the rights of small shareholders other than forming an association, the expert said: the association should be established as soon as possible. But it is better not to have a center at all than for profiteers to come to work in this field.

Milad Sadeghi, an expert on economic issues, said: “The formation of centers and organizations in a normal economy is a positive event for the stock market and jobs.” But in the Iranian economic model, all guilds, councils, centers of assembly or advocacy are the source for rent distribution because the ruler creates different ways to change the flow of interests.

He added: “Therefore, in this structure, the micro-shareholders’ association will inevitably become inefficient.” In addition, the members of this council are very important. Because later, the same trade unions will be leveraged to receive more benefits from the government and suppress the real demands of those active in the stock market.

Sadeghi stated: Although the nature and mission of the centers is something else, due to their location in the atmosphere and conditions of Iran’s governance and economy, they deviate from the current and are in exact contradiction with their main mission.

The expert said: “Therefore, I do not agree much with the formation of the Micro Shareholders Association.” Experience has also shown that people who inject capital from investor rights in the capital market were themselves agents of rent.

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