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SEBI is the watch dog of securities mark...

SEBI is the watch dog of securities market'. Do you agree? Give three reasons.

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Yes, SEBI is the watchdog of securities market. I agree with this statement because of the following reasons:
(i) SEBI regulates business in stock exchanges and other securities market.
(ii) It registers and regulates the working of stock brokers, sub-brokers, underwriters etc.
(iii) It prohibits fraudulent and unfair trade practices like price rigging, making misleading statements, insider trading etc.
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