Latest News | Sophisticated Surveillance Tools Play Crucial Role in Deterring Misconduct: Sebi

New Delhi, Oct 10 (PTI) Sophisticated tools used for surveillance and investigation play a crucial role in deterring misconduct in markets, according to Sebi.

In its annual report for 2021-22, the regulator said it has deeply integrated technology into its surveillance functions.

Also Read | Mumbai Airport Switches to 100 Percent Green Energy Sources.

"Sebi has been able to unearth complex modus operandi with adoption of better technology/ data analytics during FY 2022.

"In-house technology was developed to capture and evaluate, stock recommendations provided by TV hosts," it said.

Also Read | SBI RBO Recruitment 2022: Vacancies Notified for 47 Retired Bank Officer Posts, Apply Online at sbi.co.in.

Further, the annual report said sophisticated tools used for surveillance and investigation play a crucial role in deterring misconduct and thereby promote investor confidence and improve market integrity.

According to the annual report, Sebi has robust in-house alert systems in place to monitor activities across market segments and exchanges so as to check unfair trade practices, including insider trading.

"During 2021-22, Sebi has taken up 38 new cases and completed 82 cases related to Fraudulent and Unfair Trade Practices (FUTP) violations," it said.

Last fiscal, the watchdog carried out three search and seizure operations.

"Through these operations, Sebi has endeavoured to put a check on fraudulent stock tips circulated through social media and 'pump and dump schemes'," it noted.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)