5 days ago
- Business
- Business Standard
Sebi to upgrade surveillance against derivatives manipulation: Chairman
Sebi said it is upgrading its surveillance to investigate instances of derivatives manipulation
New Delhi
Securities and Exchange Board of India (Sebi) Chairman Tuhin Kanta Pandey on Monday said that the markets regulator is upgrading its surveillance to examine cases of derivatives manipulation. His remark comes days after Sebi found New York-based hedge fund Jane Street was manipulating stock indices.
"There may not be many more such cases," said Pandey, as quoted by news agency Reuters.
Earlier, Sebi had banned New York-based Jane Street and its group companies from the domestic market for allegedly manipulating the Nifty Bank index. Pandey had warned on Saturday that market manipulations, such as those allegedly committed by Jane Street, will not be tolerated.
First Published: Jul 07 2025 | 12:25 PM IST
&w=3840&q=100)
