The Securities and Exchange Board of India (SEBI) has introduced new rule-based alert tools to spot pump-and-dump schemes and suspicious bulk trades to strengthen its market surveillance, chairman Tuhin Kanta Pandey said on Saturday.

Speaking at the BSE Brokers’ Forum’s Capital Market Confluence, Pandey said the regulator is shifting from reactive supervision to predictive oversight.

“We have revamped our data warehouse system to develop new role-based alerts to identify pump and dump patterns and to detect fraudulent trades in bulk deals,” he said.

These alerts will be reflective of certain patterns often observed through SEBI’s enforcement orders against pump and dump schemes to help the regulator detect potential manipulation before it spreads through the market.

Pandey also said S

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