<p>As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by Sebi in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. </p>.<p>The cases were related to alleged violation of securities law including market manipulation and price rigging.</p>.<p>"During 2020-21, 94 new cases were taken up for investigation and 140 cases completed in comparison to 161 new cases taken up and 170 cases completed in 2019-20," the report noted.</p>.<p>Sebi said 43.6 per cent of the total cases taken up for investigation during 2020-21 were related to market manipulation and price rigging.</p>.<p>Besides, insider trading and takeover violations accounted for 31 per cent and over 3 per cent of the total cases, respectively. Over 21 per cent were related to other violations of securities laws.</p>.<p>The Securities and Exchange Board of India (Sebi) initiates investigation based on reference received from sources such as its integrated surveillance department, other operational departments and external government agencies.</p>.<p>"The purpose of the investigation is to gather evidence and to identify persons/ entities behind irregularities and violations so that appropriate and suitable regulatory action can be taken, wherever required," the regulator noted in its annual report for 2020-21.</p>.<p>The steps involved during investigation process include an analysis of market data like order and trade log, transaction statements and exchange report.</p>.<p>Among others, Sebi also analysed bank records like account statements and KYC details, information about a firm, call data records and information obtained from market intermediaries during the investigation process.</p>.<p>After completion of an investigation, the watchdog said, penal action was initiated wherever violations of securities laws and obligations relating to securities market were observed.</p>.<p>During 2020-21, the regulator initiated enforcement action in 225 cases, while it disposed of 125 cases. At the end of March 2021, 476 cases were pending for action.</p>
<p>As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by Sebi in 2020-21, marking a decline of 42 per cent from the preceding financial year, as per the regulator's latest annual report. </p>.<p>The cases were related to alleged violation of securities law including market manipulation and price rigging.</p>.<p>"During 2020-21, 94 new cases were taken up for investigation and 140 cases completed in comparison to 161 new cases taken up and 170 cases completed in 2019-20," the report noted.</p>.<p>Sebi said 43.6 per cent of the total cases taken up for investigation during 2020-21 were related to market manipulation and price rigging.</p>.<p>Besides, insider trading and takeover violations accounted for 31 per cent and over 3 per cent of the total cases, respectively. Over 21 per cent were related to other violations of securities laws.</p>.<p>The Securities and Exchange Board of India (Sebi) initiates investigation based on reference received from sources such as its integrated surveillance department, other operational departments and external government agencies.</p>.<p>"The purpose of the investigation is to gather evidence and to identify persons/ entities behind irregularities and violations so that appropriate and suitable regulatory action can be taken, wherever required," the regulator noted in its annual report for 2020-21.</p>.<p>The steps involved during investigation process include an analysis of market data like order and trade log, transaction statements and exchange report.</p>.<p>Among others, Sebi also analysed bank records like account statements and KYC details, information about a firm, call data records and information obtained from market intermediaries during the investigation process.</p>.<p>After completion of an investigation, the watchdog said, penal action was initiated wherever violations of securities laws and obligations relating to securities market were observed.</p>.<p>During 2020-21, the regulator initiated enforcement action in 225 cases, while it disposed of 125 cases. At the end of March 2021, 476 cases were pending for action.</p>