Business

A Litany Of Wrongs

The things SEBI was to do, and didn't

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A Litany Of Wrongs
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  • Despite elaborate procedures for inspection of stock exchanges, SEBI failed to ensure any compliance

  • SEBI-appointed directors on stock exchange boards hardly ever bothered to attend any meetings

  • In 10 years, SEBI has been able to initiate prosecution for insider trading in only one case

  • Even after NSE warned it, SEBI did not probe soaring ICE share prices
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