| Topic : Insider Trading... |
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Finance & Accounts
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Activity:
106 views;
last activity : 07 06 2010 20:18:09 +0000
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PROPER REGULATORY MECHANISM
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Trading Policies For Employees
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prevention of insider trading
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REGULAR MONITORING OF THEIR ACTIVITIES & TRANSACTIONS
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Insider Trading is widely prevalent in the stock exchanges of India and with the entry of mutual funds the malpractice has received fresh impetus. So, SEBI has to play a very important role in preventing indiser trading & such type of malpractices..Further the Govt. of India should see that all the financial institutions follow the rules & abide by it.. |
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there should not be any funding on the promoter stake..and if any body does insider trading they should be banned from the markets for life time and should be kept in jail for minimum of 7 years if govt makes such rules and regulations then sure insider trading comes to least levels
first of all before insider trading we should look at most dangerous things happening in the indian stock market every person whether it is a politician who involved in stock market or the persons regulating stock markets knows everything that some companies are listed on the exchanges but there is no physical evidence..public still buys it because they are submiting financial reporsts to exchange and they are available on exchanges . why regulator doesnot take interest and see whether the companies listed on exchanges are physically there..like..there factories..there corporate offices..who are the directors..where do they live..if they are looking at them then why do companies like tripex overseas is suspended it still shows book value of Rs.25
the very first step is to implement law strictly. a vigilance cell should probe into insider trading and that like an internal audit.
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Implement a personal trading policy within the firm. Make it clear to employees what they can and what they can't do in relation to the trading of securities in their personal accounts. Determine which employees are ‘'covered'' by the policy. A personal trading policy should cover at a minimum the following: |
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insider trading cannot be prevented altogether. but finding out who is doing the trading with inside information is also very difficult. but the abnormal increase in the prices of a share can be watched on daily basis and within a short period if price of a stock rises more than 25% or so than sebi can monitor closely the stock prices and get information of the company and its expansion or developmental activities take place in the near future. sebi can call for the details of bulk transations and the people behind such transaction and book them. |
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BY MONITORING INSIDERS ACTIVITIES AND TRANSACTIONS THE AUTHORITIES CAN DRAW INFERENCES AND TAKE NECESSARY ACTION AS DEEMED FIT HAVING IN MIND THE INTEREST OF INVESTING PUBLIC. |
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