Asia Pacific: Sebi’s former enforcement head: the way forward

Author: | Published: 5 Dec 2012

Few would name the Securities and Exchange Board of India (Sebi) as a class leading, benchmark-setting regulator when it comes to enforcement of the securities law. Over 90% of new cases launched against alleged violators are by way of administrative action, and the balance by way of criminal prosecution in courts. Sebi's perception as an effective regulator is often wrongly criticised. The criticism arises from two pieces of what's deemed as evidence. First newspaper reports which discuss the overruling of Sebi's administrative findings by the appellate authority. Second,...