• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai Aug. 23

Market manipulation and price rigging constituted a major slice of the cases that were taken up for investigation by the market regulator, SEBI, in the last fiscal.

Out of the 165 cases taken up for investigation, 137 cases (about 83 per cent) related to market manipulation and price rigging. The other cases pertained to insider trading, takeover violations, irregularities in public issues and other miscellaneous cases.

In 2004-05, there were 110 cases of market manipulation and price rigging out of the total of 130 cases taken up for investigation.

SEBI's annual report points out that with a view to enhancing regulatory effectiveness, prompt actions were taken against various entities during the year. The total number of entities against whom action was initiated rose to 741, from 232 in the previous year, reflecting a rise of 219.4 per cent. "This was mainly because of the interim orders passed in various cases to prevent malpractices in the markets," the report said.

Under Section 11 of the SEBI Act, 632 prohibitive directions were issued to various entities during the year, as against 134 in the previous year. Further, the number of intermediaries suspended during the year for varying periods was 36, as against 42 in the previous fiscal.

More Stories on : Regulatory Bodies & Rulings | Economic Offences

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
SBI Mutual to launch debt fund series

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line