Regulatory Alerts2025-12-05
Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003
The Securities and Exchange Board of India issued these regulations to prohibit fraudulent, manipulative, and unfair trade practices in the securities market. The rules define fraud and specify prohibited acts, including the use of mule accounts, dissemination of false information, mis-selling, and illegal mobilization of funds. The Board is empowered to order investigations into violations, granting investigating authorities the power to inspect records and require information from market participants.
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