Shaurya Singh, Jindal Global Law School
ABSTRACT
The Securities and Exchange Board of India (SEBI) has gone through its own ‘Beta to Alpha’ transformation. From being a non-statutory body in the 1980s to a statutory body with quasi-judicial, quasi-legislative, and quasi- executive powers today. But despite several amendments and regulations over the years the cases of insider trading are piling up at an ever-increasing rate. Insider trading refers to buying or selling publicly traded securities based on Unpublished Price Sensitive Information (UPSI) in order to acquire an unfair advantage over other investors to make a profit or prevent a loss. This article analyses the offense of Insider Trading and attempts to explain why India's capital markets regulator still remains ‘toothless’ in such cases.
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