SEBI Chairman Tuhin Kanta Pandey
| Photo Credit: ANI
A day after the markets regulator handed an interim order banning JS Group for market manipulation, the Chief of Securities and Exchange Board of India (SEBI) Tuhin Kanta Pandey stated that it was a problem of surveillance and steady monitoring is being carried out.
He was talking on the sidelines of an occasion organised by the Bombay Chartered Accountants’ Society.
“We have effectively increased surveillance, both at the exchange level as well as at SEBI. So this is basically a surveillance issue and I think we are keeping track of, more closely,” stated Mr. Pandey. “ All I can say is that market manipulation is not going to be tolerated,” he stated responding to queries relating to the rising variety of Foreign Portfolio Investors (FPIs) establishing store in India in the identical vogue as Jane Street.
Mr.Pandeys feedback comes a day after the markets regulator handed an interim order on the US-based FPI for manipulating Bank Nifty index. Securities and Exchange Board of India (SEBI) had banned U.S.-based funding agency Jane Street from Indian securities markets for manipulating index and unlawfully earnings about ₹4,800 crore, in accordance with an order on July 3 2025.
Published – July 05, 2025 08:44 pm IST