SEBI Sets Zero-Tolerance Tone
SEBI Chairman Tuhin Kanta Pandey issued a strong warning to market participants, stating that any form of market manipulation will not be tolerated. The statement came after SEBI’s interim action against a foreign trading firm.
Key Highlights
- SEBI has increased surveillance and alert systems to detect improper trading.
- The regulator recently froze gains of nearly ₹4,843 crore linked to a foreign firm for alleged manipulation.
- Pandey warned that violators “will be caught” and face strict penalties.
Context of the Warning
- The warning followed an interim order against a trading firm accused of manipulating index rates.
- SEBI has stepped up scrutiny on SME IPOs and pump-and-dump schemes.
- The chairman emphasized enforcement will continue, even as market participants are urged to comply with regulations.
SEBI’s firm stance aims to reinforce market integrity, boost investor confidence, and deter misconduct amid rising concerns over complex trading strategies.