“The most valuable commodity I know of is information.”
– Gordon Gekko, Wall Street
Over the past few weeks, the Securities and Exchange Board of India (SEBI) has passed three orders (SEBI Orders) in the infamous ‘WhatsApp leak’ saga that has been in the news since November 2017. Holding the impugned perpetrators guilty of violating insider trading regulations, the regulator has taken significant steps in pushing the boundaries of the concepts of insider, UPSI and insider trading.
Continue Reading SEBI and WhatsApp leaks: Every link in the chain matters