SEBI Chairman Reassures Investors on Market Safety

SEBI’s Strong Commitment to Market Integrity

SEBI Chairman Tuhin Kanta Pandey recently spoke to investors. He wanted to ease their worries about market safety. This came after a market manipulation incident involving Jane Street, a US-based quant fund.

Understanding the Jane Street Incident

Pandey explained that the Jane Street issue was mainly about surveillance. SEBI is now improving its surveillance systems. This will help prevent such incidents in the future.

Empowering Investors

The SEBI chief made these comments after launching a new feature. This feature helps investors and is available on apps managed by CDSL and NSDL, the two depositories.

SEBI Takes Action

SEBI recently took strong action against Jane Street and three of its affiliates. They issued an order that temporarily bans them from the Indian market. This is due to manipulation in stocks and futures & options (F&O) markets. SEBI also asked these entities to return nearly Rs 4,850 crore, which is believed to be Jane Street’s illegal gains.

Improving Market Surveillance

Pandey said that there are not “very many other risks” like the Jane Street case. He emphasized that SEBI, along with the two leading stock exchanges, is upgrading their surveillance systems. This will help prevent future market manipulation incidents.

SEBI’s Firm Stance on Market Manipulation

The SEBI chief assured investors that the regulator will not tolerate any market manipulation attempts. He also mentioned that the action against Jane Street was within SEBI’s regulatory powers.

Preventing Future Market Manipulation

Pandey highlighted that better surveillance and enforcement systems will deter market manipulators. He believes these measures are crucial for maintaining market integrity. Here are some key points:

• SEBI is committed to market integrity.
• Investors’ concerns are being addressed.
• Surveillance systems are being upgraded.
• SEBI takes strong action against market manipulation.
• New investor empowerment features have been launched.