Explain the Role and Functions of SEBI

SEBI (Securities and Exchange Board of India) is the regulatory body that oversees the securities market in India. It was established in 1988 to protect the interests of investors and to promote the development of the securities market. SEBI has the power to regulate and monitor all entities that operate in the Indian securities market, including stock exchanges, brokers, mutual funds, and other intermediaries.

The role and functions of SEBI are as follows:

1. Regulating the Securities Market: SEBI is responsible for regulating and monitoring the securities market ___ __________ ______ __________ ______ ____ ______ __________ _________.
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