SEBI has penalised former Religare Enterprises chairperson Rashmi Saluja with a ₹40 lakh fine for alleged insider trading. The regulator said she traded Religare shares while in possession of unpublished price-sensitive information related to the Burman Group’s open offer. SEBI has also ordered Saluja to disgorge ₹1.9 crore in unlawful gains, along with interest.
Zerodha CEO Nithin Kamath pointed to India’s tight market regulation after a surprise US import duty hike on gold and silver. He noted there was no unusual trading activity before the announcement, contrasting it with how privileged information could be exploited in less tightly governed markets. The comment adds a sharp lens on how policy shocks can ripple into markets.
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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.
In a rare move, SEBI implicated officials from another regulator in an insider trading case involving IEX. Investigators found a nexus between regulated entities and a CERC official that allegedly enabled unlawful gains exceeding INR 172 crore. The probe highlights an unusually direct modus operandi, marking the first time SEBI has linked another regulator’s officials in such a case.
A US Army soldier, Gannon Ken Van Dyke, has been arrested after authorities accused him of using confidential military mission details to place bets on Polymarket. Reports claim he profited massively before the information became public, raising concerns about misuse of classified data and the growing risk of insider betting tied to real-world events.
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