SEBI Insider Trading Crackdown: ₹173 Crore Impounded in IEX Case
Why in the news
SEBI stepped up action against insider trading after unlawful profits rose, with the IEX case among its largest recent crackdowns.
Key facts
- Case: UPSI about Indian Energy Exchange Ltd (IEX) was allegedly leaked by a CERC official, and others traded IEX shares on it.
- Action: over ₹173 crore impounded.
- Response: tighter surveillance and data analytics to catch coordinated insider patterns.
- Goal: market integrity and investor confidence amid growing retail participation.
About insider trading
- Dealing in listed company securities by people with access to UPSI, for example advance knowledge of a merger, results or policy decision.
- Penalties include fines, disgorgement (returning unlawful gains) and market bans.
Exam angle
- Law: SEBI (Prohibition of Insider Trading) Regulations, 2015.
- Full form: UPSI is unpublished price-sensitive information.