Sebi probes large-scale 'pump-and-dump' of stocks as investors succumb to lures
Sebi has so far implemented two phases of the ambitious DWBIS project and the third phase is currently being tested for live implementation and the tools available in this system are proving very useful in catching the manipulators at an early stage, the official said.
The first phase was implemented in early 2011 for speedy analysis of data and identification of possible violations by use of modern technology in terms of computation.
The third phase would help Sebi meet data requirements of its research department. This phase would incorporate in-house and outside data related for research purposes, such as financials of companies, transactions, primary market data, mutual funds, corporate actions, takeover and buyback information.
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