SEBI gets information about the violation of rules from its sources such as its Integrated Surveillance Department and other operational departments.
Investigation of 161 new cases started in 2019-20
The Securities and Exchange Board of India (SEBI) started investigation in 94 new cases of violation of securities law in the last financial year 2020-21. This figure is 42 percent less than the previous financial year. This information has been given in the latest annual report of SEBI. These cases were related to the violation of securities law. These include cases of market manipulation and price manipulation.
The report said, “94 new cases of violation of securities rules were investigated in 2020-21. During this investigation of 140 cases was completed. Due to this, investigation of 161 new cases was started in the last financial year 2019-20 and investigation of 170 cases was completed. SEBI said that out of the total new cases in the last financial year, 43.6 percent were due to market manipulation and price tampering. Apart from this, 31 per cent cases were for insider trading violations and more than three per cent for violation of acquisition rules. The remaining 21 per cent cases were related to other violations of securities laws.
SEBI gets information from different departments
SEBI gets information about the violation of rules from its sources such as its Integrated Surveillance Department and other operational departments. The job of SEBI is to catch the individual or entity doing wrong. After that action is taken against them.
Also checks market data, bank details
To get to the bottom of this game, SEBI scrutinizes all the data including market data, bank account details, transaction statements and exchange reports. On the basis of all the investigations, this agency proceeds to take any kind of action. In the financial year 2020-21, it had investigated 225 cases while 125 cases were dumped. A total of 476 cases were pending at the end of March 2021.
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