The India Times Online

Brokers, be on the lookout: Sebi Draws Attention To The Dangers Of Stock Market Manipulation

<p>On Saturday, Kamlesh Chandra Varshney, a Whole Time Member of Sebi, issued a warning on capital market manipulation and asked brokers to monitor and stop such incidents.</p>
<p><img decoding=”async” class=”alignnone wp-image-442702″ src=”” alt=” brokers be on the lookout sebi draws attention to the dangers of stock market mani” width=”974″ height=”649″ title=”Brokers, be on the lookout: Sebi Draws Attention To The Dangers Of Stock Market Manipulation 3″ srcset=” 510w,×100.jpg 150w” sizes=”(max-width: 974px) 100vw, 974px” /></p>
<p>In addition, he said that artificial intelligence (AI) is being used by the Securities and Exchange Board of India (Sebi) for investigative purposes.</p>
<p>Investor engagement in the securities market is on the rise, and this is predicted to have a big impact on the nation’s efforts to grow its economy.</p>
<p>By the end of December 2023, there were 13.9 crore demat accounts, up 20% in only nine months and doubling in just 2.5 years.</p>
<p>During a speech in the nation’s capital, Varshney emphasized the value of investor trust and said that “everything will fail” in the absence of it.</p>
<p>There are manipulations occurring, and Sebi is unable to stop them all. He said that “bad elements can come into the system” and that the broker community should be vigilant since certain brokers are participating.</p>
<p>The markets watchdog has been taking action against several firms for manipulations, including front-running actions, as part of its clampdown on misdeeds.</p>
<p>During the 13th International Convention of the Association of National Exchanges Members of India (ANMI), he said that organizations have to consider technology advancements as a way to boost productivity and commerce.</p>
<p>On the sidelines, Varshney said, “We are using Al for investigations… and also using (it) for a lot of things,” in answer to a query from PTI on whether Sebi is using AI.</p>
<p>He said that the regulator is okay with it as long as the market is open and there is no manipulation taking on.</p>
<p>A framework for cyber security and cyber resilience will be released by the market watchdog for the regulated firms.</p>
<p>According to Varshney, the framework will be required for the regulated firms. More than 5.4 million new investors entered the market last month, according to ANMI President Vijay Mehta. He went on to say that the organization is dedicated to giving sustainability, technology, inclusivity, and transparency top priority in the financial and investing sectors.</p>

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