SEBI's new norms on insider trading important: LC Gupta
By Prashant R Nair | Published On: May 29, 2012 09:50 (IST) | Duration: 5 min, 21 sec
In order to protect investors against frauds, market regulator SEBI has amended the consent order regulations on insider trading. Commenting on the development, LC Gupta, Director of Society for Capital Market Research & Development & Former Member of SEBI, said that that it is a very important decision taken by the SEBI. "The offenses should be dealt with a strict approach and not with small monetary penalty," he added.