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Market manipulation is not going to be tolerated: Sebi chief on Jane Street
Sebi chairman Tuhin Kanta Pandey on Saturday made it clear that market manipulation is not going to be tolerated.
Speaking with reporters a day after an interim order against New York-based hedge fund manager Jane Street, Pandey said surveillance has been increased both by the regulator and also at the exchange level.
When asked if similar patterns have been seen with other foreign portfolio investors as well, Pandey said, "All what I can say that market manipulation is not going to be tolerated".
He was speaking on the sidelines of an event organised by the Bombay Chartered Accountants Society.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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