SEBI investigates 155 stock manipulation cases in FY13

India Infoline News Service | Mumbai |

In 2011-12, SEBI had investigated 154 cases; the number was 104 in 2010-11

Market regulator SEBI (Securities and Exchange Board of India) started investigations into 155 cases related to stock market manipulations in 2012-13, according to SEBI's annual report for 2012-13.

However, the regulator completed investigation in only 119 cases, it added.

About 55% of these cases related to market manipulation and price rigging in FY13. Other cases pertain to insider trading, irregularities in capital issues, takeover violations and other violations of securities laws.

"Since, several investigation cases involve multiple allegations of violations, water-tight classification under specific category becomes difficult," SEBI said.

In 2011-12, SEBI had investigated 154 cases; the number was 104 in 2010-11.

After completion of investigation, SEBI initiated further penal action as per the recommendations made in the probe reports and as approved by the competent authority.

The action included issuing warning letters, initiating enquiry proceedings for registered intermediaries, also initiating adjudication proceedings for levy of monetary penalties.

Since 1992-93, SEBI has undertaken 1,772 cases, while it has resolved 1,539 cases as of last fiscal.


  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.