Page 3 - 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.

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

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

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 considers bringing MF transactions under insider trading ambit

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

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.

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

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.

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

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.

Sebi revokes order against Poonawalla Finance MD & CEO Abhay Bhutada

Proceedings against other entities to continue

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

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

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.

Poonawalla Fincorp reinstates Abhay Bhutada as managing director

Independent probe clears him of insider trading charges

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 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 totalling over USD 450,000 in the US. Dikshit, a partner at a global management consulting firm, has been charged with "illegally trading in advance of a corporate acquisition by one of the firm's clients in September," the Securities and Exchange Commission (SEC) said in a statement on Wednesday. Dikshit, who was arrested on Wednesday and charged with two counts of securities fraud - violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder faces up to 20 years in prison on each count, the Department of Justice said in a press release. Representing McKinsey as partner, Dikshit learned highly confidential information concerning The Goldman Sachs Group's impending acquisition of the consumer loan fintech platform GreenSky Inc, the SEC statement said. The SEC's complaint, .