New Delhi : Market regulator Sebi said it has come across cases of insider trading at not just small companies, but at big corporates as well, and the norms would be tightened soon to curb this menace. Besides, the capital market watchdog would initiate prompt action in case of entities that violate listing norms.
“We are revising our prevention of insider trading regulations because we have discovered cases… unfortunately the cases are not just from small companies but also from big ones,” Sebi Chairman U K Sinha said. Emphasising that Sebi was “going to tighten the norms about insider trading regulations”, Sinha said, “I am sure insider trading as an offence is happening in India.”
The revision in these norms would be substantially based on Sodhi committee, which had submitted its report to the Securities and Exchange Board of India (Sebi) in December last year.