SEBI investigates insider trading in YES Bank share sale
pre-market1 source ↓written by the desknot a recommendation
- are implicated
- 19 individuals
The Securities and Exchange Board of India (SEBI) has accused several individuals, including executives from PwC and EY, of insider trading during YES Bank's 2022 share sale. A total of 19 individuals are implicated, with seven allegedly trading on unpublished information. The case raises significant concerns about market integrity and could impact investor sentiment.
• SEBI issued a show cause notice in November 2022.
• Four individuals reportedly shared sensitive information.
• Five family members of executives are also involved.
Not investment advice. For informational purposes only.