Insider Trading

Trump's teleprompter operator on unpaid leave over possible insider trading

President Donald Trump's teleprompter operator is on unpaid leave after reports that he used his inside knowledge to make bets about the president's speeches on the online prediction market Kalshi, the White House said Thursday. The firm's enforcement chief said Kalshi contacted federal regulators about bets allegedly made about what the president would say in public addresses. White House press secretary Karoline Leavitt said the president is aware of the situation, which she described as "unfortunate" and "a disgrace." "The White House has extremely strict ethical guidelines with respect to issues like this," Leavitt told reporters, saying the aide is on unpaid leave. ABC News reported Thursday that Gabriel Perez, who has been operating Trump's teleprompter since 2016, used his inside knowledge to win more than USD 100,000 betting on what the president would say in big speeches, including the State of the Union address earlier this year. Robert Denault, Kalshi's lawyer and head

Sebi issues administrative warning to Reliance over employees' share trades

The market regulator's warning relates to trades by two employees and an employee's immediate relative while in possession of unpublished price-sensitive information

Unistone Capital pays ₹67 lakh to settle insider trading case with Sebi

Merchant banker Unistone Capital and its director Jitendra Sanghavi have settled a case with Sebi over alleged violations of insider trading rules in the shares of Cupid Ltd after paying a combined settlement amount of over Rs 67 lakh. The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against Unistone and Sanghavi for the alleged violations of Prohibition of Insider Trading (PIT) regulations. According to Sebi, the applicants (Unistone and Sanghavi) allegedly entered into contra trades in the shares of Cupid Ltd, with the buy and sell legs executed within a period of six months. They were also accused of carrying out trades in the company's scrip during the investigation period without obtaining the required pre-clearance, the regulator said in an order passed on Tuesday. Thereafter, a Show Cause Notice (SCN) was issued against the applicants on June 13, 2025, by the regulator for the alleged violations. Pending adjudication proceedings, Unistone

Sebi orders Rashmi Saluja to disgorge Rs 2 crore in insider trading case

Market regulator imposes Rs 40 lakh penalty on former Religare Enterprises chairperson in insider trading case linked to Burman Group's open offer

Sebi clarifies trading window norms for pledged share transactions

Sebi said designated persons may pledge shares during trading window closure for bona fide purposes such as raising funds, subject to prior approval and compliance checks

Inside prediction markets: How anonymous Polymarket traders won big before US-Iran ceasefire

A series of well-timed bets on Polymarket, placed just hours before the US-Iran ceasefire announcement, has sparked fresh concerns about insider trading, transparency,

SAT reverses Sebi decision, okays Ketan Parekh's cross-examination

In January, Sebi had issued an ex parte interim order-cum-show cause notice against 22 entities, including Salgaocar (the appellant) and Parekh

British billionaire Joe Lewis pardoned by Trump for insider trading

British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur soccer club, was pardoned by President Donald Trump more than a year after he was fined $5 million after pleading guilty to insider trading and conspiracy charges in New York, authorities said Thursday. Lewis, 88, had requested a pardon so he could receive medical treatment and visit his grandchildren and great grandchildren in the United States, according to a White House official who spoke on condition of anonymity to discuss a pardon that has not been officially announced. Lewis pleaded guilty in January 2024, saying he knew that sharing nonpublic information, which he had learned from corporate boardrooms about publicly traded companies, with others who then bought stock in those companies was wrong. At the time of the plea, he was free on $300 million bail. According to prosecutors and an indictment, Lewis shared the secrets with friends, employees and romantic interests from 2019 to 2021, urging them

Sebi cracks down on front-running trades, bars 13 entities from markets

Sebi has barred 13 individuals and entities from the securities market for 1-3 years for front-running trades using non-public information, generating unlawful gains of over ₹2 crore

Insider trading in IEX stock: Sebi investigation traverses new ground

The ₹173-crore order stands out as Sebi's largest and fastest insider trading enforcement, potentially widening scrutiny to senior CERC officials over policy-linked leaks

Insider trading in IEX stock: CERC starts probe, sends 3 officials on leave

We have taken immediate cognizance of the alleged insider trading related to market coupling, says CERC

Sebi orders ₹173 cr disgorgement from 8 entities for IEX insider trading

Individuals got price-sensitive information before announcement from high-ranking CERC officials

Sebi chair calls for stricter internal controls by banks on insider trading

SEBI chief urges banks to tighten controls, safeguard UPSI, and enforce strict insider trading compliance with zero tolerance on breaches

Sebi chief urges banks to boost compliance to curb insider trading risks

Sebi Chairman Tuhin Kanta Pandey on Wednesday said following insider trading regulations is the moral responsibility of banks' management who also have to strengthen internal controls to detect and prevent such violations. "Insider trading risks thrive where controls are weak --where processes are unclear, responsibilities are undefined, and oversight is inconsistent," Pandey told managing directors and chief executives of listed banks, noting that weak controls remain the prime reason behind many frauds. This comes against the backdrop of Sebi issuing an interim order in June against few top brass of IndusInd Bank for violating insider trading norms. The regulator had found that few senior executives, including MD & CEO and deputy CEO allegedly traded in IndusInd Bank shares while in possession of unpublished price-sensitive information related to discrepancies in account balances of the bank's derivative portfolio. According to Pandey, a robust internal control framework ensures

Sebi bans IndusInd Bank ex-CEO, 4 others from trading in securities market

Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies

Sebi orders Mehul Choksi to pay ₹2.1 crore for insider trading breach

Sebi has issued a ₹2.1 crore notice to Mehul Choksi for insider trading in Gitanjali Gems and warned of asset seizure; he also faces a court warrant in a ₹55 crore fraud case

Sebi probes six IndusInd Bank officials over insider trading claims: Report

India's market regulator Sebi is investigating six IndusInd Bank officials for allegedly selling stock options while aware of undisclosed accounting discrepancies

Error or fraud: IndusInd Bank pressured to explain ₹2k cr derivative loss

Auditors seek clarity on whether the ₹2,000 crore loss stems from fraud or accounting irregularity

IndusInd Bank to look into insider trading charge after independent probe

IndusInd, India's 5th-largest private sector bank, disclosed in March that years of incorrect accounting of internal derivative trades had led to a $230 million hole in its $60.8 billion balance sheet

'Who's in charge?' US trade official grilled on Trump's tariff flip-flops

Donald Trump's sudden tariff U-turn stuns markets and lawmakers, sparking insider trading fears, 'pump and dump' accusations, and calls for a federal investigation