Indians high on whistle-blowing to SEC, back off when tipping Sebi

Sebi can neither offer significant protection nor reward when compared to SEC

The Securities and Exchange Board of India (Sebi) may be missing out on a key source of information on wrongdoing as India lacks an effective enabling framework for whistle-blowers. 

Sebi can neither offer significant protection nor a reward when compared to others. The contrast is seen in a report submitted to the US Congress about the American securities regulator’s whistleblower programme, which showed significant success in attracting informers, with India accounting for 26 such tips, nearly twice the 14 complaints in the previous year.

India was sixth in the list of top-10 countries, ahead of Israel, Brazil and Russia, for