Letter to BS: Sebi could do well with the power to intercept calls

The Securities and Exchange Board of India (Sebi)-appointed expert panel chaired by TK Viswanathan has given a report on fair market conduct and of reviewing the key securities market laws. Constant vigil is the price of trust and stability of any market and its trade. Insider trading is as old as modern markets and regulators have tried to keep pace by honing tools. The US regulators used stock market whistle-blowers with notable success. Rewards of up to 30 per cent resulted in huge recoveries. More importantly, it helps nab big stock market ponzi schemes that targets a chunk of the