2023, Vol. 4, Issue 1, Part D
A study on scams and unlawful trade practices in Indian stock market and SEBI’s regulatory actions
Author(s): Kaushal Jay
Abstract: Investor’s sentiment is being impacted by scams and illegal trade practices in the Indian stock market. Since the 1990s, significant financial frauds have occurred in India virtually annually. Starting with the (in) famous securities scam by Harshad Mehta (1992), MS Shoes (1995), CRBhansali (1996), Ketan Parikh Scam (2001), DSQ Software Scam (2001), IPO Demat Scam (2006), Vanishing Companies (2007), Satyam (2008), Home Trade (2010), Sahara India Pariwar Investor fraud (2010), Home Trade (2010), ULIP Misselling (2011), Saradha Group Financial Scandal (2013), NSEL Scam (2013), and PACL ponzi scheme scam (2014) has a well-documented history of financial market frauds. Scams have strengthened the institutional framework, created new institutions, and resulted in regulatory reforms. This essay examines how stock exchanges and SEBI safeguard investor interests and advance equitable and well-organized securities markets. The study looks at how SEBI protects market integrity by actively identifying market frauds and looking into abusive, manipulative, or unlawful trading practices in the Indian securities markets. This research further examines the function of market monitoring in maintaining market integrity by facilitating a secure and stable environment.
Pages: 373-378 | Views: 20 | Downloads: 10
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How to cite this article:
Kaushal Jay. A study on scams and unlawful trade practices in Indian stock market and SEBI’s regulatory actions. Asian J Manage Commerce 2023;4(1):373-378.
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