The fake notice bearing the Sebi’s logo and purportedly addressed to NSE was circulated on various WhatsApp groups and other social media platforms on 21 February. Photo: MintNew Delhi: Markets regulator Sebi and stock exchanges are looking into possible manipulation in equity and derivatives trade of some public sector banks (PSBs) in the wake of circulation of a fake letter purportedly for misleading the investors. The fake notice bearing the regulator’s logo and purportedly addressed to National Stock Exchange (NSE) was circulated on various WhatsApp groups and other social media platforms on 21 February. A day after the circulation of the letter, NSE clarified that Sebi did not issue any letter and the exchange did not receive any such directive. “It is clarified by Sebi that no such letter is issued and NSE has not received any such letter from Sebi,” the exchange noted.

Source: Mint February 25, 2018 06:33 UTC