Compliance with insider trading rules moral responsibility: Sebi chief

Sebi chief Tuhin Kanta Pandey emphasized that banks’ management holds a moral responsibility for insider trading compliance, urging stronger internal controls. His remarks follow Sebi’s action against IndusInd Bank’s former CEO and executives for alleged insider trading related to accounting discrepancies. Sebi places responsibility on the board of directors, MDs, and compliance officers to ensure compliance with PIT regulations.

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