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NEW DELHI: The Security Exchange Board of India (Sebi) has been using Artificial Intelligence (AI) for its investigations, said the body’s whole time member Kamlesh Chandra Varshney on Saturday.
Varshney emphasised that entities should keep track of technological development.
Referring to the instances of stock market manipulations, Varshney said adhering to the law will be more beneficial and violation will cause problems.
When asked if Sebi was using AI, Varshney said, “We are using Al for investigations… and also using for a lot of things”.
He was speaking on the sidelines of the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital.
As long as the market is transparent and no manipulation is happening, that is fine with the regulator, he said.
The Securities and Exchange Board of India (Sebi) has been taking action against violators as well as measures to enhance transparency and curb misdoings.
Varshney emphasised that entities should keep track of technological development.
Referring to the instances of stock market manipulations, Varshney said adhering to the law will be more beneficial and violation will cause problems.
When asked if Sebi was using AI, Varshney said, “We are using Al for investigations… and also using for a lot of things”.
He was speaking on the sidelines of the 13th international convention of the Association of National Exchanges Members of India (ANMI) in the national capital.
As long as the market is transparent and no manipulation is happening, that is fine with the regulator, he said.
The Securities and Exchange Board of India (Sebi) has been taking action against violators as well as measures to enhance transparency and curb misdoings.
(With PTI input)
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