Photo: Aniruddha Chowdhury/MintMumbai: India’s market regulator will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday, following a Reuters report this week that revealed prescient messages being posted in private groups. The Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in WhatsApp groups limited to traders. It is a work in progress,” Tyagi, chairman of the Securities and Exchange Board of India (Sebi), told Reuters, when asked what action the regulator was considering. Sebi also set up a panel in August headed by a former federal senior bureaucrat, T.K. Viswanathan, to suggest measures to improve market surveillance and help prevent possible insider trading and market manipulation.

Source: Mint November 17, 2017 05:26 UTC