Back home, market regulator Sebi has been pursuing insider trading cases since 1997… but the results have been been far from encouraging…. While the quantum of Rajaratnam’s punishment could possibly deter those looking to gain from insider information in the US markets, Sebi is still seeking that one high-profile conviction that could send out a strong message to market participants here.
Read more: India: When will SEBI have its Rajaratnam moment? — Moneycontrol.com
