Sebi has issued show cause notices to executives of PwC, EY, Carlyle and Advent over alleged insider trading linked to YES Bank’s 2022 share sale. The regulator has flagged misuse of unpublished price-sensitive information and serious compliance gaps within top advisory firms.
Today, On 2nd December, in the Jio-Facebook Case, Supreme Court declines to interfere with SEBI’s Rs.30 lakh penalty on Reliance, holding that the findings raised no substantial question of law. The decision leaves intact SEBI’s action over delayed disclosure of the deal leak.
