Amid soaring prices of pulses, SEBI Chairman U K Sinha said the regulator is closely working with the government and is looking if the traders raided for hoarding have any connection with the commodity markets. The state governments across the country have seized more than 75,000 tonnes of pulses in raids. Sinha was speaking on the sidelines of 'India ETF Conference 2015' organised by the National Stock Exchange. He said that the regulator is also looking into the possibility that any of the traders who have violated essential commodity norms as well as control orders and if found connected Sebi will take action. Sebi chairman also said that to speculate that commodity futures may lead to rise in price of pulses is wrong.