The Securities and Exchange Board of India (Sebi) has kept some serious offences such as insider trading and front running out of its consent mechanism that allows companies to settle their disputes with the regulator on payment of a fee.
“Certain defaults including insider trading, front running, failure to make an open offer, redress investor grievances and respond to the summons issued by Sebi, are excluded from the consent process,” the regulator said in its revised consent order norms.
via Rule tweak to curb insider trading — The Telegraph
