- As per the SEBI, the objective of the issued guidelines is to prevent instances of "mis-selling".
- SEBI has warned the stock brokers who indulged in providing algorithmic-based trading facilities offered by unregulated platforms to remove any such content referring to past or future performance of such an algorithm within a week, i.e. by 9th September.
- The market regulatory board also directed stock exchanges to amend their bylaws rules and regulations for the implementation of SEBI’s provisions in this regard.
- Algorithmic Trading refers to the use of advanced mathematical models that contain automated execution of the trade to generate results at a superfast pace.
- Static Part:
- SEBI is a statutory body that came into existence in 1992 through the SEBI Act, 1992. Its headquarters is in Mumbai. The primary function of the SEBI is to protect the interests of investors in securities and to promote and regulate the securities market. Madhabi Puri Buch is the current chairperson of the SEBI.
Question:
Ques: 1. The headquarters of the SEBI is in:A. Mumbai
B. New Delhi
C. Bangaluru
D. Chennai
