The apex regulatory body of the Capital Market Securities and Exchange Board of India is acting firm to sensitize the manipulators. SEBI is initiating harsh actions in cases of high-profile insider trading and also glaring the violations thereof.
A revision of nearly two-decade old set of insider trading regulations is currently underway and the new norms are expected to be put in place in about a month after clearance from the SEBI board.
Insider trading is termed as dealing in securities with prior access to the unpublished price sensitive information which is confidential and has not been published through print media or any other mode and which has been accessed by the General Public. However, certain provisions have been misused by the persons dealing in such and undue advantage has been undertaken to escape the regulatory and the penal provisions.
The Securities and Exchange Board of India has also been developing itself in the practice of publishing the names of the defaulters on the website of SEBI.
The regulator said that the adjudication and penal orders are published on its website on a daily basis and press releases are also issued in such regards.