Supervision of other market intermediaries also rose sharply, with inspections of investment advisers who rise to 207 from 21 and research analysts jump to 149 of only 15 in FY24, according to the Sebi annual report released before 2024-25 on Tuesday.
Inspections of investment funds and their registrar and transfer agents (RTAs), on the other hand, remained largely stable in 24 compared to 25 a year earlier.
These measures are part of Sebi’s wider urge to tighten the supervision of advisory practices, to limit biased or misleading market research and to guarantee strict compliance with fair disclosure standards.
During the year, SEBI also developed offsite inspection warnings for monitoring stock agents, Depository participants (DPS), investment advisers and RTAs as part of the continuous supervisory framework, according to the annual report.
Furthermore, the work is underway on the SEBI e-drive-a cloud-based platform for sharing inspection data and warnings with brokers and DPS, IT and. In the field of enforcement, the supervisor started 400 cases for research into violations of securities laws in FY25 compared to 342 in the previous year, and completed 301 cases by 197 earlier. Trading of prior knowledge remained the most prominent focus, with studies that rises from 175 to 287 and completies from 130 to 192, followed by cases for market manipulation and price installations, which saw a marginal decrease in new cases, but a sharp jump in closures. Sebi said that the internal security system generates warnings for any disruptions in trading patterns.
Based on these warnings, as well as received complaints, input from reports from stock market research and other sources, Sebi conducts detailed research into the cases.
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