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Sebi's proposed insider trading amendments face criticism for expanding definitions

By Economic Times - 3 months ago
Sebi's proposed amendments to the Sebi (Prohibition of Insider Trading) Regulations 2015 aim to broaden the definition of 'connected persons' by including additional categories, such as more distant relatives and individuals with material financial relationships. This expansion risks shifting the burden of proof from the regulator to individuals, presuming guilt rather than innocence.

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