When SEBI inspects a stock exchange, one of the most prevalent irregularities found is that the exchange is dealing with unregistered sub-brokers.
Determine the SEBI’s associated function.
Determine the SEBI’s associated function.
Answer & explanation
Correct answer: option 1
The three Protective Functions of SEBI are:
(i) Controlling insider trading and imposing penalties for such practices.
(ii) Undertaking steps for investor protection.
(iii) Promotion of fair practices and code of conduct in securities market.
(i) Controlling insider trading and imposing penalties for such practices.
(ii) Undertaking steps for investor protection.
(iii) Promotion of fair practices and code of conduct in securities market.