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Sebi steps up vigil against insider trading

The back-to-back crackdowns by the Securities and Exchange Board of India (Sebi) show how rampant insider trading is on D-street, while also highlighting the fact that several market participants— promoters, senior company officials, investment bankers and high profile investors — have access to price-sensitive information and use it to trade. In the last one month, Sebi and the Securities Appellate Tribunal (SAT) have passed over half a dozen orders in insider trading cases. Through these actions, the markets regulator aims to blunt the criticism that not enough is being done to curb insider trading, said market participants.76806472