SEBI Chief Announces AI-Driven Initiatives to Combat Market Manipulation and Protect Investors
SEBI is enhancing market surveillance using Artificial Intelligence (AI) to identify fraud and manipulation. Key initiatives include 'SEBI Check,' a tool for investors to verify registered intermediaries, and AI-powered educational tools in multiple languages. The regulator is cracking down on 'finfluencers' promising unrealistic returns and is working on deepening the corporate bonds market. Additionally, SEBI is exploring the rejuvenation of agri-commodities markets through specialized working groups. A committee under Chief Economic Adviser V. Anantha Nageswaran is also studying the impact of regulations to make policy-writing more scientific and data-driven.
Key Points
- SEBI is integrating AI to enhance market surveillance and identify fraudulent brokers or traders.
- The 'SEBI Check' tool allows investors to verify the credentials of financial intermediaries before investing.
- The regulator is taking strict action against unregistered investment advisors and 'finfluencers' on social media platforms.
- Two working groups have been created to address problems in the commodity side of agriculture.
- A committee under Chief Economic Adviser V. Anantha Nageswaran is studying the impact of regulations on market science.
Exam Facts
- SEBI (Securities and Exchange Board of India) is the statutory regulator for the securities market in India.
- The 'SEBI Check' tool is a new initiative for investor protection and verification.
- V. Anantha Nageswaran is the current Chief Economic Adviser (CEA) of India.
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