SEBI Using AI : SEBI is also using AI, officials confirm

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SEBI Using AI: Stock market regulator SEBI has also started using Artificial Intelligence (AI). SEBI member Kamlesh Chandra Varshney said on Saturday that the market regulator is experimenting with AI for investigations. He warned against using wrong methods in the capital market. At the same time, brokers have also been called upon to be vigilant and help curb such attempts.

Manipulation of the rules will not be acceptable

The Securities and Exchange Board of India (SEBI) has experimented with artificial intelligence in several areas apart from speeding up investigations. At the National Exchange Members of India (ANMI) event, Kamlesh Chandra Varshney said that different organizations should keep an eye on the changes taking place in technology. For SEBI, transparency and curbing manipulation of rules are most important. Following the law in the stock market will prove to be beneficial. Violating it will lead to problems.

It will be very easy if brokers help

He said, SEBI is committed to stop those who mislead people in the stock market. SEBI member Varshney appealed to brokers to be vigilant and stop such attempts. SEBI has consistently taken action against such attempts. Which includes front running. We have to win the trust of investors. Without it all efforts will fail. In which brokers have an important role. If they support us, this can be stopped very soon. Some brokers may be involved. We will not hesitate to take strict action against him.

SEBI is emphasizing on the use of technology

Last year, SEBI said that it is emphasizing the use of technology. Geotagging will also be started for that. At the same time, emphasis is being laid on increasing the director's IT tenure. Defects will be removed by technical assistance check.

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