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<h1>Regulation 3 SEBI: Ban on Fraudulent and Unfair Practices in Securities Market to Protect Investors.</h1> Regulation 3 of the Securities and Exchange Board of India (SEBI) prohibits fraudulent and unfair trade practices in the securities market. It forbids any person from engaging in fraudulent transactions involving securities, using manipulative or deceptive devices in securities trading, employing schemes to defraud in securities dealings, or engaging in practices that deceive others in securities transactions. These prohibitions apply to securities listed or proposed to be listed on recognized stock exchanges and are in accordance with the relevant laws, rules, and regulations.