INSIDER TRADING: A CONFUSED WATCHDOG?

Published On: 01/07/2015

Practice Area: Mergers & Acquisitions

Authors:

Historically, regulating insider trading has been the exclusive domain of the Securities Exchange Board of India ("SEBI"). This is in line with the regulatory approach witnessed in most jurisdictions around the world. In consonance with the modern regulatory approach, SEBI not only acts as a watchdog, but it is also empowered to constantly fine tune the rules and guidance in relation to insider dealing.