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SEBI fines Titan Company employee for violating insider trading norms

Alexander had traded on two trading days during the period from September 23 to November 12, 2018 -- a period during which the trading window was closed

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Sebi | Titan

IANS  |  Mumbai 

Sebi

The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 2 lakh on an employee of Company, Theekevedu B. Alexander, for violating insider trading norms in 2018.

The investigation by the capital regulator found that the designated employee of the company and his spouse had traded in the scrip of when the trading window was closed, in violation of (PIT) Regulations, 2015.

Alexander had traded on two trading days during the period from September 23 to November 12, 2018 -- a period during which the trading window was closed.

The noticee will have to pay the said amount of penalty within 45 days of receipt of the order.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, October 30 2020. 23:55 IST
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