SEBI chairman Tuhin Kant Pandey has given strict warning to the people who manipulating the stock market. At an event in Mumbai on 20 June, he said that manipulation will not be tolerated in the market. He said that we are keeping an eye on. We will take strict action on the market manipulation. He said that I want to tell that we have taken strictness before. But, I believe that further market manipulation is one of the things we are not going to tolerate.
Sebi got several SME IPO investigated after complaints
Sebi On becoming the chairman of Tuhin kanta pandey Along with making the functioning of the regulator transparent, the focus has been increased on the initiative related to the Is of Doing Business in the Capital Market. In the last few months Sme iPo SEBI has placed many orders about. Sebi investigated the cases after several SME IPOs were accused of rigging. Among the cases in which the rigging was found, strict action was taken by the regulator.
Many companies were asked to postpone IPO plan
Many SME IPOs were accused of misuse of funds, rigging in issue subscriptions, wrong disclosures and other irregularities. In some cases, exchanges and SEBI asked companies to postpone the plan to introduce IPOs keeping in mind the interests of investors. Apart from complaints related to SME IPO, SEBI has also received complaints of pump and dump schemes in shares. There have been cases of manipulation in derivative trades, especially in index options.
No one can guarantee to stop wrongdoing
In the case of Jansol engineering recently, SEBI chairman said that no wrongdoing could be guaranteed. He said, “Greed is something that is written in Ramayana and Mahabharata. Despite this we make the same mistakes.” However, he said that the problem is not going to be resolved only by making rules. Such cases did not happen because there were no rules to stop them, but despite strict rules, such cases took place.
