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SEBI settlement with BofA over alleged insider trading data breach now confirmed
Business
Published on 11 May 2026
SEBI claims BofA missed a core digital record rule
SEBI has issued a settlement order in a case involving BofA Securities India, alleging the firm failed to maintain the structured digital database mandated under insider trading regulations. A show-cause notice cited the compliance lapse, while BofA declined to comment on both the settlement order and the allegations. The case centers on record-keeping requirements rather than specific trades.
- SEBI settlement follows a show-cause notice to BofA Securities India
- Allegation focused on failure to maintain structured digital database
- Case relates to compliance with insider trading record rules
- BofA declined to comment on the settlement or allegations
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times