How secure is your UPSI as SEBI tightens its reins on Insider Trading?
In September 2021, the Indian Markets Regulator, Security, and Exchanges Board of India (SEBI) banned an employee of an Indian MNC headquartered in Bangalore and his counterpart, an employee of a leading Global information technology company from trading in stock exchanges till further orders. An impounding of illegal proceeds of 2.62 crore rupees were generated through insider trading activities. This is just an example of insider trading.