Page 3 - Latest Updates on Insider Trading
Varun Beverages: Two entities settle insider trading case with Sebi
The order came after the two applicants proposed to settle the alleged violations of insider trading rules, "without admitting or denying the findings" through a settlement order.
 "Varun Beverages: Two entities settle insider trading case with Sebi")
US SEC files charges against several Indian-Americans for insider trading
The US SEC has filed insider trading charges against several Indian-Americans in connection with three separate schemes that together yielded more than $6.8 million in illicit gains
 "US SEC files charges against several Indian-Americans for insider trading")
2 Indians, friend charged in 1st crypto insider trading scheme: Official
Two Indian brothers and their Indian-American friend have been charged in the US in the first ever cryptocurrency insider trading scheme in which they made illicit profits totalling over a mn dollars
 "2 Indians, friend charged in 1st crypto insider trading scheme: Official")
Sebi ups tech arsenal to crack whip on 'mules' used for insider trading
A lot more orders are to be passed soon and the main reason for that is Sebi's surveillance mechanism has become almost 100-times more effective with the use of the latest technologies
 "Sebi ups tech arsenal to crack whip on 'mules' used for insider trading")
Sebi proposes insider trading rules applicability in mutual fund dealings
Capital markets regulator Sebi on Friday proposed the applicability of insider trading rules to dealing in mutual fund units to initiate enforcement actions against those who misuse non-public info
Zee Entertainment's two promoter entities settle a case with Sebi
It was alleged that the entities violated insider trading norms and disclosure lapses under SAST (Substantial Acquisition of Shares and Takeovers) regulations.
 "Zee Entertainment's two promoter entities settle a case with Sebi")
Sebi considers bringing MF transactions under insider trading ambit
The rules, if applied, would bring transacting in MF units at par with shares and would put the responsibility on top industry officials
Apple corporate attorney pleads guilty to insider trading for over 5 years
From February 2011 to April 2016, Gene Levoff misappropriated material, non-public information about Apple's financial results and then executed trades involving the company's stock
 "Apple corporate attorney pleads guilty to insider trading for over 5 years")
Sebi penalises 4 individuals for violations in Mindtree share trade
The regulator levied a fine of Rs 1 lakh each on Chirag Malhotra, Meenakumari M, BG Dhananjaya and Nikhil Jain, according to four separate orders
Varun Beverages' Jaipuria settles case with Sebi after paying Rs 56 lakh
"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.
 "Varun Beverages' Jaipuria settles case with Sebi after paying Rs 56 lakh")
Two entities pay Rs 2.43 cr to settle insider trading case with Sebi
Quick Trading and Investment Advisors LLP and Vipul D Modi have settled with market regulator Sebi in case pertaining to insider trading after paying settlement amount totalling Rs 2.43 crore.
Tech used by casinos in Las Vegas may help Sebi tackle insider trading
Not just India, but several global financial regulators are considering such AI programmes to nail securities law violators such as insider trading
 "Tech used by casinos in Las Vegas may help Sebi tackle insider trading")
Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada
Proceedings against other entities to continue
 "Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada")
Found no merit in whistleblower complaints, says Aditya Birla Capital
A news report on Monday said a 16-page whistleblower complaint alleging corruption, insider trading and front running at Aditya Birla MF was sent to the board of Aditya Birla Capital
 "Found no merit in whistleblower complaints, says Aditya Birla Capital")
7 Indian-origin persons charged in million dollar insider trading scheme
Seven Indian-origin persons have been charged by US federal authorities with insider trading in a scheme through which they made over a million dollars in illegal profits.
 "7 Indian-origin persons charged in million dollar insider trading scheme")
7 Indian-origin persons charged in million dollar insider trading scheme
The SEC's complaint, filed in the Northern District of California, charges each of the defendants with violating antifraud provisions of the Securities Exchange Act.
 "7 Indian-origin persons charged in million dollar insider trading scheme")
Poonawalla Fincorp reinstates Abhay Bhutada as managing director
Independent probe clears him of insider trading charges
 "Poonawalla Fincorp reinstates Abhay Bhutada as managing director")
Sebi order impact: Lux Industries tanks 29% in two trading sessions
The stock of Kolkata-based hosiery maker quoted lower for the sixth straight day, and was down 35 per cent during the period.
 "Sebi order impact: Lux Industries tanks 29% in two trading sessions")
Sebi drops case of insider trading against Dish TV's promoter
Markets regulator Sebi has disposed of a case of alleged insider trading against Dish TV India's corporate promoter Direct Media Distribution Ventures Pvt Ltd
Indian-origin partner at McKinsey arrested; charged with insider-trading
Puneet Dikshit, a 40-year-old Indian-origin partner at management consulting giant, McKinsey & Company, has been arrested and charged with insider-trading and making illegal profits
 "Indian-origin partner at McKinsey arrested; charged with insider-trading")
