Insider Trading

CERC cited Power Market Regulations, along with Section 128 of the Electricity Act, 2003, to justify a formal probe into GNAEPL’s conduct.

SEBI penalises 13 entities for front-running trades using non-public information

SEBI has penalised 13 individuals and HUFs up to Rs 15 lakh each and barred them from markets for up to three years for front-running trades using non-public information. The regulator said the entities acted on tips from connected persons, earning abnormal profits and distorting market fairness.

Sebi to sensitise regulators on insider trading and price-sensitive info post-CERC issue

Sources said Sebi believes that enforcement alone cannot address every challenge. Hence, a new approach of engaging with stakeholders through sensitisation sessions is being adopted.

 Sebi cracks whip on insider traders in IEX shares; Rs 173 crore case unearthed

Sebi said the thoughtful modus operandi of the noticees involved sharing of crucial information relating to regulatory actions emanating from a regulator, which was bound to have a significant impact on the listed securities of IEX.

IndusInd Bank ex-Deputy CEO Arun Khurana says resigned but not allowed to go, put under suspension

Arun Khurana, ex-MD&CEO Sumant Kathpalia and three others were barred by SEBI for insider trading allegation in IndusInd Bank shares. Khurana had challenged the SEBI order, SAT gave him partial relief.

SEBI Chairman urges listed banks to strengthen insider trading compliance, follow two SDD structure

The first such session was conducted in Mumbai and its expected that SEBI will conduct more such sessions in other cities where banks head offices are based.

Sebi unveils course for bankers sensitising against insider trading in a step to fortify compliance

The initiative by Sebi is seen as a proactive step to sensitise bank staff on insider trading regulations, particularly where the exposure to sensitive information is frequent.

SEBI Imposes Rs 10 lakh penalty in insider trading case involving HDFC Limited and HDFC Bank

Sebi had conducted investigation based on suspected trading activities and found few persons had taken position in the HDFC and HDFC Bank based on insider information.

Jane Street seeks more time to respond to Sebi interim order

Jane Street Group had deposited the Rs 4843.5 crore alleged illegal gain and sought lifting of trading ban, which was allowed by Sebi with conditions

Unlisted trading platforms and pre-IPO hype are risks to investors, said petition seeking Sebi action

The PIL had said, if left unchecked, the growth of such quasi-exchanges can precipitate systemic risks, investor losses and erosion of market confidence. These platforms also encourage circumvention of IPO norms, jeopardizing the credibility of Indian capital markets.

SEBI gives mutual fund managers freedom to talk “off the record”

From August 3, mutual fund managers won’t need to record face-to-face conversations — but phones and dealing rooms are still to be recorded.

US Congressional stock trades spike during Trump’s tariff turmoil, reigniting calls for trading ban

Lawmakers and their families made more than 700 trades amid market chaos triggered by Trump’s Liberation Day tariffs

BofA likely to face adjudication proceeding over insider trading charges

Two investment bankers of BofA who were under investigation and quit after an internal enquiry by the bank will also face adjudication proceedings.

IndusInd Bank to look into 'insider trading' allegation after independent probe

Reuters reported on Thursday that a forensic review by audit and advisory firm Grant Thornton found that the bank's CEO Sumant Kathpalia and deputy Arun Khurana, who stepped down last month, traded in IndusInd shares while they were aware of accounting lapses at the bank but before those were made public.

Insider trading in Infosys leads to ban on two, Rs 2.6 crore of illegal gains impounded

The UPSI involved a deal the company had signed with Vanguard

Former Deloitte employee, friend pay over Rs 70 lakh to settle insider-trading allegations

SEBI had conducted an investigation in the scrips of HDFC and HDFC Bank, to see if anyone had profited from the UPSI on the merger of the two entities.

Bullish market sentiment powers record PE/VC firms and promoter exits in 2024

The BFSI sector saw the most prominent selling in 2024, with PE and VC firms selling to the tune of Rs 37,200 crore from listed financials players, noted Nuvama Institutional Equities.

SEBI Board meeting may discuss SME listing, insider trading rules, specified digital platform

The regulator is expected to meet with its Board on December 18 to discuss a slew of modifications and regulations aimed at investor protection.

Sebi's insider trading regulations seeks quarterly disclosures from mutual funds: Key details

SEBI had floated a consultation paper in 2022, seeking feedback to effect changes to the (Prohibition of Insider Trading) rules. The approved suggestions will now come into effect in November 1.

SEBI announces expansion of definition of connected person under insider trading regulations

Currently, connected persons are individuals who may have access to unpublished price-sensitive information (UPSI) due to their profession or employment, as well as their immediate relatives like parents, siblings, and children.

Insider Trading: Can crowdsourcing surveillance stamp out the scourge?

Regulators have not succeeded in ending curb insider trading. A radical idea that promises enhanced transparency may prove to be an effective disinfectant

Sebi lifts restrictions placed on Infosys employees, connected entities; dismisses insider-trading allegations

The latest order has lifted the restrictions and released amount impounded from entities who were said to have profited from these trades

SEBI probes into insider trading, front running matters jump in FY24

Data from the Securities and Exchange Board of India shows that the number of investigations related to insider trading jumped from 85 in FY23 to 175 in FY24. Similarly, probes related to front running jumped more than three times from 24 to 83 during the same period

SEBI issues show cause notice to Religare Chair Rashmi Saluja over insider trading allegations: Report

In May 2024, the Burman family accused Saluja of selling an additional 2.71 million shares worth Rs 43 crore between March 26 and 28, 2024, while allegedly possessing undisclosed price-sensitive information, also in breach of insider trading regulations.

Three entities pay over Rs 1.55 cr to settle insider-trading allegations in PNB Housing Finance scrip

Two settlement orders issued by the Securities and Exchange Board of India on August 13 said that Sidhant Chandalia, Naysar Parikh and Ronak Narendra Parikh have to pay Rs 50.7 lakh, Rs 50.7 lakh and Rs 54.48 lakh respectively.