ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Insider Trading SEBI on Test

Insider Trading: SEBI on Test Jairaj Kapadia 'POWER TO SEBI' has been the refrain of Securities and Exchange Board of India's chairman, G V Ramakrishna Rao. After SEBI was given official recognition as the watchdog agency of the capital market, both primary and secondary, by the government, he had claimed that it was yet a "toothless tiger". After getting legal status under the SEBI Act which parliament passed early this year, he has been pressing for more powers for the outfit of which as yet he is the sole authority. Rao has also made no bones about exercising the powers which the SEBI has so far been invested with under the Act. This, of course, is not to be faulted.

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