n NISM Certifications
X NISM Series X
Medium

Which Act/Regulation empowers SEBI to impose penalties against securities market intermediaries?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. SEBI Act

    Correct answer

  2. B

    Securities Contract Regulation Act

  3. C

    Prevention of fraudulent and unfair trade practices regulations

  4. D

    Stock Exchange Regulation Act

Why this is the answer

SEBI Act provides the legal authority for penalties and adjudication against market intermediaries.

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