Q.Explain the objectives of SEBI.

SEBI's objectives, stated in the Preamble to its own Act, cover investor protection, market regulation, and market development together.

The Preamble to the SEBI Act, 1992 states SEBI's purpose as protecting investors and regulating and developing the securities market. In detail:

1. To protect investors' interests — especially small investors, by ensuring accurate and timely information and preventing fraudulent/unfair practices against them.
2. To regulate the securities market — by framing rules for stock exchanges, brokers and other intermediaries so the market operates fairly and transparently.
3. To promote the development of the securities market — by removing structural weaknesses, encouraging healthy competition among intermediaries, and adopting flexible measures that let the market grow and modernise.

These three objectives reinforce one another: a well-regulated, actively developing market is what actually makes investor protection achievable in practice, not merely a stated goal.

Listing only "investor protection" and ignoring the equally important regulation and development objectives that the Preamble names together.