SEBI Issues Interim Order Against Indian Power Regulator Officials in Insider Trading Case
India’s Securities and Exchange Board has taken action against Central Electricity Regulatory Commission officials for allegedly trading on sensitive market coupling information. The regulator has ordered the deposit of substantial gains and imposed securities market bans in its interim ruling.
Market Regulator Takes Action Against Power Officials
India’s primary market watchdog has issued an interim order against officials from the country’s federal power regulator for alleged insider trading activities, according to reports from Reuters. The Securities and Exchange Board of India (SEBI) has taken action against two officials from the Central Electricity Regulatory Commission along with related individuals.