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 mentioned that it was a problem of surveillance and steady monitoring is being executed.
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,” mentioned Mr. Pandey. “ All I can say is that market manipulation is not going to be tolerated,” he mentioned responding to queries concerning the growing variety of Foreign Portfolio Investors (FPIs) establishing store in India in the identical style 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, based on an order on July 3 2025.
