Page 2 - Latest Updates on Insider Trading
Sebi lifts restrictions on 16 entities in Infosys insider trading case
The case originated after Sebi identified suspicious trading patterns around the financial results announcements of Infosys for four quarters, covering from December 2019 to September 2020
 "Sebi lifts restrictions on 16 entities in Infosys insider trading case")
3 entities settle insider trading charges with Sebi in PNB Housing case
The directives came after the three persons filed applications with Sebi proposing to settle the instant proceedings initiated against them
 "3 entities settle insider trading charges with Sebi in PNB Housing case")
Sebi amends mutual fund rules to curb front-running, insider trading
This came in the wake of Sebi's passing two orders regarding front-running cases involving Axis AMC and Life Insurance Corporation of India (LIC)
Market regulator Sebi plans to widen net to curb insider trading
The market regulator has suggested changes in the definition of "connected persons" and "relative" to address any gaps in the norms and possible violations
 "Market regulator Sebi plans to widen net to curb insider trading")
Infosys, CEO Parekh settle insider trading matter with Sebi; pay Rs 25 lakh
Matter pertains to 2020-21 when IT major entered into a partnership with global asset manager Vanguard
 "Infosys, CEO Parekh settle insider trading matter with Sebi; pay Rs 25 lakh")
Billionaire Joe Lewis gets no prison time at sentencing for insider trading
Lewis said he hoped to make amends and to rebuild the trust that I have squandered for the remainder of his life
 "Billionaire Joe Lewis gets no prison time at sentencing for insider trading")
PwC India to offer tech-based compliance monitoring services with Axar
Agreement will have the two companies work together in 'creating market awareness'
 "PwC India to offer tech-based compliance monitoring services with Axar")
Sebi fines NCP chief's nephew Abhijit Pawar Rs 10 lakh for insider trading
Sharad Pawar's nephew has been asked to pay penalty within 45 days for violating norms in Poonawalla Fincorp (earlier Magma Fincorp) case
 "Sebi fines NCP chief's nephew Abhijit Pawar Rs 10 lakh for insider trading")
SAT quashes Sebi's order against Biyani, others in insider trading case
SAT on Wednesday quashed regulator Sebi's order banning Future Retail chairperson Kishore Biyani and some other promoters from the securities market for one year in an insider trading case.
 "SAT quashes Sebi's order against Biyani, others in insider trading case")
Sebi levies Rs 65 lakh fine on 5 individuals for insider trading violation
The regulator slapped a fine of Rs 20 lakh on Jaisingh Sudhirkumar Choudhary, Rs 15 lakh on Menal Rasesh Parikh and Rs 10 lakh each on Himanshu K Desai, Anirudh R Parikh and Sudhirkumar Choudhary
 "Sebi levies Rs 65 lakh fine on 5 individuals for insider trading violation")
Individual settles alleged insider trading case with Sebi, pays Rs 26 lakh
The settlement order came after the applicant, Debashis Ghosh, proposed to settle the instant proceedings initiated against him "without admitting or denying the findings of facts and conclusions"
Tottenham owner Lewis surrenders to face charges in insider trading case
Lewis faces more than a dozen counts of securities fraud for alleged brazen conduct that spanned about eight years
 "Tottenham owner Lewis surrenders to face charges in insider trading case")
US: 2 Indian-origin men charged with insider trading with Pfizer Covid meds
In a parallel action, the US Attorney's Office for the Southern District of New York also announced criminal charges against the duo
 "US: 2 Indian-origin men charged with insider trading with Pfizer Covid meds")
Sebi revokes securities market ban on 6 entities in Poonawalla Fincorp case
The six entities had filed the settlement applications under the provisions of Sebi (Settlement proceedings) rules in respect of the alleged violation of norms, according to a Sebi order
Four entities settle insider trading case in Poonawalla Fincorp with Sebi
Four entities settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd
 "Four entities settle insider trading case in Poonawalla Fincorp with Sebi")
ZEEL CEO Goenka settles insider trading case with Sebi; pays Rs 50.7 lakh
This came after Goenka proposed to the Securities and Exchange Board of India (Sebi) to settle the proceedings "without admitting or denying the findings" through a settlement order
 "ZEEL CEO Goenka settles insider trading case with Sebi; pays Rs 50.7 lakh")
Wockhardt's former official settles insider trading case with Sebi
Vijay Khetan, who was the compliance officer of Wockhardt, paid Rs 27.06 lakh towards the settlement charges to the capital markets regulator for the alleged violations of insider trading rules
 "Wockhardt's former official settles insider trading case with Sebi")
Sebi bans 2 individuals from securities markets, fines for insider trading
Out of the nine individuals, seven including Rakesh and his wife Rekha Jhunjhunwala had settled the proceedings with Sebi on July 14, 2021
 "Sebi bans 2 individuals from securities markets, fines for insider trading")
Sebi bans 3 entities from securities market for insider trading activities
Sebi has slapped penalties totalling Rs 15 lakh on three entities and also barred them from the securities markets for one year for flouting insider trading rules with respect to the shares of VSL
Sebi amends buying, selling of mutual funds under insider trading rules
Sebi amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules
