SEBI looking into over 3,500 corporate frauds
Market regulator SEBI on Friday said it is looking into over 3,500 corporate frauds allegedly held at stock exchanges and said it could set up a committee of IT experts to develop a mechanism to curb such activities taking place using skills acquired from information and communication technologies.
Sebi will work on a new policy to annul erroneous trades, in the wake of last week's crash on NSE which had created a panic situation on bourses.