INSUBCONTINENT EXCLUSIVE:
Sebi chairperson Madhabi Puri Buch
(Photo: PTI)2 min read Last Updated : Jul 04 2024 | 7:11 PM IST
Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri
from the regulator.
Amidst instances of front-running and manipulation, the market regulator has introduced an institutional mechanism for
stock brokers to prevent market abuse, and a similar framework is expected for the mutual fund industry
These include more surveillance, obligations on employees, stringent reporting mechanisms, and whistle-blower policy.
Addressing portfolio
To rebuild that trust, it takes a lot of time
Not just for that one person who did the wrong thing but the trust for the entire ecosystem goes down
Because there is mischief in the market, the regulator has no other option but to come back with a mechanism to try and check; so you get
added.
The Sebi boss asked portfolio managers to join the association for collective opinion, and industry standards, and to reduce the
stringent measures to weed out malpractices from the market ecosystem at the intermediary levels like stock brokers, mutual funds, and even
investment advisors and research analysts
The steps follow instances of front-running, misutilisation of client funds, manipulation of accounts, and insider trading, among
others.First Published: Jul 04 2024 | 6:39 PMIST
