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SEBI launches probe in 117 new cases in FY18

A total of 117 new cases were reported to SEBI in 2017-18. However, it was 52 percent down compared to the previous financial year.

[New Delhi]: A total of 117 new cases were reported to SEBI in 2017-18 for investigation. However, it was 52 percent down compared to the previous financial year. This information has recently come out in the annual report of the market regulator. All these cases were related to the alleged violation of the Securities Act, which included market manipulation and price rise. According to the report, during 2017-18, 117 new cases were investigated for which 145 cases were completed. At the same time, 155 cases were completed in 2016-17.
SEBI said that in the year 2017-18, 34 percent of cases were investigated, which related to manipulation and price drop in the market. Apart from this, 15 per cent of cases of internal trade, acquisition violation came, whereas 51 percent were related to other violations of securities laws.
It may be noted that the Securities and Exchange Board of India (Sebi) starts an investigation based on the information received from the Integrated Monitoring Department, other operating departments and external government agencies.
It is reported in the Annual Report of 2017-18 that the objective of the investigation is to collect evidence and identify who is responsible for irregularities and violations so that proper action can be taken. Meanwhile, a total of 888 cases were settled by SEBI and 594 new cases were initiated. According to the report, till March 31, 2018, the decision was left to come in 1,053 cases.
# 117 new cases
# FY 18
# markets regulator annual report
# securities law
# Securities and Exchange Board of India
Business Report
Vishal Singh
Business Report
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