Tyagi says Sebi to probe data leaks via social media
Securities and Exchange Board chairman Ajay Tyagi confirmed that the regulator has come to know of instances wherein price-sensitive financial data of reputed companies was leaked to right before the earnings were formally made public.
The markets regulator is "seriously" looking into the complaints about some individuals allegedly circulating key financial details and other market moving information about listed companies on social media groups before they are made officially public.
Securities and Exchange Board chairman Ajay Tyagi today confirmed that the regulator has come to know of instances wherein price-sensitive financial data of reputed companies was leaked to right before the earnings were formally made public.
"We are taking that (WhatsApp leaks) very seriously. How come such messages about reputed listed companies are leaked quite close to the financial results is something we are not going to sit quietly on," Tyagi told reporters on the sidelines of an investment banking summit here.
As reported by PTI earlier, Sebi and the exchanges are examining trade details of over two dozen stocks as part of a probe into the alleged leak of key financial details through social media platform WhatsApp.
The regulator is also considering seeking call data records of the persons involved. The companies include several blue-chips, officials had told PTI earlier.
Besides, Sebi is also considering seeking call data records (CDRs) of all the persons involved in the circulating such key financial details and other price-sensitive information about publicly traded companies on social media groups before they are made public.
The regulator has powers to seek call data records, excluding the exact content of the communication, from telecom service providers.
Sebi will also seek clarification from brokerages and listed firms if such individuals were found to be associated with them.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
01:29 PM IST