Assess the effectiveness of SEBI in fulfilling its envisaged role of regulating the securities market, ensuring transparency, and protecting investors' interests.

EFFECTIVENESS A) POSITIVES (1) ensured digitalization of functions in stock exchange in India for transparency (2) scheme for Investor protection (3) Regular updates & awareness programmes (4) [illegible] B) NEGATIVES (1) allegations of corruption: form SEBI chief relying on information from religious guru for addition (2) reports suggesting inflated assets linked trading eg: Adani & Ripoff by Hindenburg (3) Unable to control volatility value to external shocks eg: NIFTY fall due to Ukraine-Russia => Hence SEBI has seen mix of success & failures in achieving its mandate.