One of the common irregularities noted by the Securities and Exchange Board of India during the inspection of a stock exchange was that it was dealing with unregistered subbrokers. Identify the related function of Securities and Exchange Board of India
A)Regulatory function
B)Protective function
C)Developmental function
D)None of the above

Question

Quizplus · Accepted Answer

The Securities and Exchange Board of India (SEBI) performs a regulatory function when it oversees and enforces compliance with laws and regulations, such as ensuring that all brokers and subbrokers are registered as required.

One of the Common Irregularities Noted by the Securities and Exchange