 "Insider Trading: New rules confound India Inc")
JM Financial Ltd's former vice president Atul Saraogi has settled an alleged insider trading case with Sebi by paying an amount of Rs 15 lakh towards settlement charges.
During November 2013 to December 2016, the Securities and Exchange Board of India (Sebi) had conducted an investigation in case of alleged insider trading by Saraogi and his mother-in-law Vimala Devi Kalantri in the scrip of JM Financial Limited (JMFL), the regulator said in its order on Thursday.
During the span of investigation, Sebi observed that Saraogi had entered into off-market trades in shares of JMFL and transferred 41,246 shares to his
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