SEBI accuses EY and PwC of insider trading violations
after close1 source ↓written by the desknot a recommendation
- Advent acquired
- 10% stake for $1.1 billion
India’s SEBI has accused employees of EY and PwC of insider trading related to the July 2022 Yes Bank deal, where Carlyle and Advent acquired a 10% stake for $1.1 billion. This action reflects heightened scrutiny of compliance among financial advisers involved in major transactions.
The allegations suggest that unpublished price-sensitive information was shared among executives, raising concerns about market integrity and compliance standards in the financial sector.
Not investment advice. For informational purposes only.