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Now, an anonymous platform for tip-offs on market manipulation

Puts in place a mechanism on the lines of Dodd-Frank Whistleblower Program in the US; tip-offs can be given on toll-free number

To check wrongdoing in markets, the National Stock Exchange (NSE) has put in place an anonymous whistle-blower mechanism, similar to the Dodd-Frank Whistleblower Programme in the US. The US Securities and Exchange Commission (SEC)’s whistle-blower mechanism has had a fair degree of success. Overall, the programme has received about 3,000 tip-offs, from 55 foreign countries. In 2013, India ranked fifth in terms of the number of tip-offs provided to US regulators (18), according to annual data on the programme. The NSE’s platform for tip-offs on cases relating to market ...