Robbing the regulator

The market regulator is supposed to protect investors from unscrupulous activities

The market regulator, which is supposed to protect investors from unscrupulous activities, seems to be falling prey to the same. Last week, a senior Securities and Exchange Board of India (Sebi) official was robbed of Rs 40,000 as he gave away his debit card details to a telecaller who claimed to work for a top public sector bank and threatened that if he did not provide the details immediately his account could be deactivated. And a few days earlier, another Sebi official lost Rs 10,000 in a similar fashion.