SEBI is taking help of AI in trouble in case of stock market manipulation

Market regulator SEBI has made foolproof preparations to catch those who manipulate the stock market and teach them a lesson. With this, those doing this will be caught quickly and irregularities in the market will also be curbed. The special thing is that SEBI (Securities and Exchange Board of India) will use AI (Artificial Intelligence) to catch such brokers. manipulate.

use of ai

Market regulator SEBI member Kamlesh Varshney made this disclosure during an event. To a question about the role of AI in preventing stock market manipulation, he said, “SEBI has started using it. AI is being used in investigations to deal with manipulation and irregularities, and it is also being used for many other purposes.” Transparency in the market will increase.Kamlesh Varshney shared this great insight about the use of AI by SEBI during the 13th International Conference of the Association of National Exchange Members of India (ANMI) in Delhi. He supported SEBI's stance on maintaining a fair trading environment, stressed the importance of market transparency and curbing money pollution, and explained about other measures taken to prevent money pollution and the use of AI. The SEBI member said it has taken consistent steps to prosecute offenders and implement initiatives aimed at promoting transparency and curbing misconduct in the securities market.

Investor confidence is paramount

Referring to the steps taken by SEBI, Kamlesh Varshney said about the confidence and trust of investors in the stock market that the trust of investors is necessary to carry out this work. He said that some brokers present in the market may participate in this. The manipulation and broker community should also keep a close eye on this, as bad elements can enter the system. He stressed the importance of using technology to prevent market manipulation. Violating market rules will be costly. SEBI is continuously taking steps to curb irregularities and increase transparency in the stock market. Taking a big step in this direction, the use of AI has been started. But along with this he said that brokers have also been advised in this initiative. He has asked the brokers to beware of such manipulation and stop such activities.