Which of the following statements accurately represents one of the protective functions of SEBI in real-life scenarios?
(a) It is responsible for managing government budgets and allocating funds for various developmental projects.
(b) It ensures the safety and security of data transmitted during online trading transactions.
(c) It promotes and regulates the insurance industry to safeguard policyholders' interests.
(d) It monitors and regulates the securities market to protect investors and maintain market integrity.