SEBI Board to Discuss Toughest Market Manipulation Regulation
The SEBI board is gearing up for a crucial meeting on December 18 to discuss a new regulation aimed at tackling market manipulation head-on. This proposed rule will require individuals involved in suspicious trading to prove their innocence. Sources reveal that the Prohibition of Unexplained Suspicious Trading Activities Regulation will be up for discussion, with the board potentially making a decision based on feedback received. This new regulation will complement the existing rules on Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) and Prohibition of Insider Trading (PIT) Regulations. Stay tuned for updates on this important development!
