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HT Correspondent, Hindustan Times
Mumbai, January 09, 2013
The Securities and Exchange Board of India plans to come down hard on entities that do not adhere to its norms. The regulator has introduced a sophisticated surveillance system to track manipulation.

"We are taking all possible decisions and measures to ensure that nobody is able to avoid the rules of the games especially on a continuous basis to harm the interests of the individual and institutional investors," UK Sinha, chairman, SEBI, said on Wednesday, at the annual national conference on capital markets organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). He said any firm, irrespectively of size, would be dealt with severely if caught for market misconduct.

"We have introduced a very sophisticated surveillance mechanism and everyday we're getting 100s of alerts through a data warehousing system and I would like to ensure the investing community that we'll thwart any attempts to bypass the rules of the market," Sinha stated. He  added executive compensation could come under the scanner.