Sebi flags insider trading in YES Bank share sale
pre-market1 source ↓written by the desknot a recommendation
- cause notice named
- 19 individuals
India’s market regulator, Sebi, has alleged insider trading violations related to YES Bank’s 2022 share sale. A show cause notice named 19 individuals, including executives from PwC and EY, accusing them of trading on unpublished information. The probe highlights potential unlawful gains from advance knowledge of the July 2022 share offering.
Not investment advice. For informational purposes only.