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TMI BlogIllegal Trading of SharesX X X X Extracts X X X X X X X X Extracts X X X X ..... Illegal Trading of Shares X X X X Extracts X X X X X X X X Extracts X X X X ..... mplaints, the same are taken up with the stock exchanges, with an advice to examine the matter and report back to SEBI. In terms of the provisions of the SEBI Act, 1992 and Regulations made there under, SEBI has taken enforcement actions against a few intermediaries registered with SEBI, including passing restraint orders, cancellation of certificate of registration of stock brokers involved in su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch incidences, quasi-judicial proceedings, adjudication proceedings, consent and compounding and filing FIR with the Police. Further, the following measures have been taken by Government and SEBI. (i) As a preventive measure, SEBI vide circular dated 29.09.2006, had made it mandatory for stock brokers to report off-market transactions to the stock exchange. (ii) Further, with a view to impress u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pon the State Governments to take appropriate and timely action, the Government of India and SEBI had also written to all the State Governments and Union Territories, advising them to take urgent steps to contain illegal trading. SEBI, on its part, has initiated training programmes and guidance to State Police Departments to deal with instances of illegal trading. This was stated by the Minister ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of State for Finance, Shri Namo Narain Meena in written reply to a question in the Rajya Sabha today.
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