Insider Trading Violations in Indian Financial Markets: Issues
With this post we would like to specifically seek your inputs on any issues you have observed in regards to insider trading of public stocks/equity shares. If you would like to share a detailed post anonymously regarding a specific case, you may submit a new post with the Post Anonymously option.
We are committed to escalating collective concerns to the regulators and look forward to your inputs! more
I guess there has not been a single conviction for insider trade till now.
I think SEBI is toothless like our Election Commission. Don’t know what they lack- is it expertise or resources or technology or monitoring mechanism?
The Regulator’s track record says that it took up 85 cases based on Year 2017 & 2018 Annual Reports and could complete probe only in about 25 cases. Here also, who were the bandicoots, what were the gains they made, etc did not come out.
In my view, SEBI should be provided with powers like CBI and ED so that it can also act like a proper investigating agency when needed. Further such powers would allow the Regulator to deal with notorious business tycoons (in other words VIPs) without any hesitation and limitation.
Additionally CAG should also be provided powers with adequate resources to work jointly with SEBI in dealing with Insider Trade Malpractice.
Public Private Partnerships (PPP) should also be subjected to scrutiny even though technically they fall under the ambit of Private Sector. more
Same is in the Issues of Public Tranquility, Offences relating to RELIGIONS ; LAWFUL AUTHORITIES ; CONTTEMPT OF COURTS . more