{"id":10418,"date":"2023-04-17T09:36:03","date_gmt":"2023-04-17T04:06:03","guid":{"rendered":"https:\/\/www.tickertape.in\/glossary\/?p=10418"},"modified":"2023-04-17T09:36:06","modified_gmt":"2023-04-17T04:06:06","slug":"insider-trades-meaning-examples-legality-and-penalties-in-india","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/","title":{"rendered":"Insider Trades &#8211; Meaning, Examples, Legality and Penalties in India"},"content":{"rendered":"\n<p>Insider trading refers to the act of trading a company\u2019s securities (e.g. shares, bonds, <a href=\"https:\/\/www.tickertape.in\/glossary\/stock\/\">stock<\/a> options, etc.) using secret or unpublished price-sensitive information (UPSI). Such UPSI typically relates to decisions made by the company\u2019s board of directors but is not yet public knowledge. The SEBI (Prohibition of Insider Trading) Regulations, 2015, govern insider trading in India.<\/p>\n\n\n\n<p>Let\u2019s understand more about insider trades, who is considered an insider, insider trading regulations, and insider trading penalties.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_22 counter-hierarchy counter-numeric\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">You will Learn About: <\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#What-is-insider-trading-in-stock-markets\" title=\"What is insider trading in stock markets?\">What is insider trading in stock markets?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Insider-Trading-Main-Highlights\" title=\"Insider Trading &#8211; Main Highlights\">Insider Trading &#8211; Main Highlights<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Who-is-an-insider\" title=\"Who is an insider?\">Who is an insider?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Examples-of-insider-trading\" title=\"Examples of insider trading\">Examples of insider trading<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Reliance-Industries\" title=\"Reliance Industries\">Reliance Industries<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Rakesh-Jhunjhunwala\" title=\"Rakesh Jhunjhunwala\">Rakesh Jhunjhunwala<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Is-insider-trading-legal-in-India\" title=\"Is insider trading legal in India?\">Is insider trading legal in India?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#SEBI-regulations-on-insider-trading\" title=\"SEBI regulations on insider trading\">SEBI regulations on insider trading<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Penalty-for-insider-trading\" title=\"Penalty for insider trading\">Penalty for insider trading<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/glossary\/insider-trades-meaning-examples-legality-and-penalties-in-india\/#FAQs\" title=\"FAQs\">FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What-is-insider-trading-in-stock-markets\"><\/span><strong>What is insider trading in stock markets?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-9-1024x576.png\" alt=\"\" class=\"wp-image-10419\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-9-1024x576.png 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-9-300x169.png 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-9.png 1200w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/image-9-300x169@2x.png 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Image source: https:\/\/www.businesstoday.in\/<\/figcaption><\/figure><\/div>\n\n\n<p>Insider trading is the act of buying or selling a publicly listed corporation&#8217;s financial securities while possessing pertinent material information that has not yet become public knowledge. Any information that could significantly impact an investor\u2019s choice to buy or sell a security is considered to be material information.<\/p>\n\n\n\n<p>The two types of insider trading are: legal and illegal.&nbsp;<\/p>\n\n\n\n<p>Trading securities using price-sensitive information which is not made public is known as illegal insider trading. On the other hand, insiders who trade business securities legally must notify regulators like SEBI of such transactions. Note that illegal insider trades are based on private information, but legal insider trades are not.&nbsp;<\/p>\n\n\n\n<p>Illegal insider trades that are based on non-public information are seen as a way to move money from investors who don&#8217;t know as much (outsiders) to investors who do (insiders).&nbsp;<\/p>\n\n\n\n<p>Taking advantage of information (before other market participants) provides the insider with an unfair advantage.<\/p>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-d39c0170\"><h2 class=\"uagb-heading-text\"><span class=\"ez-toc-section\" id=\"Insider-Trading-Main-Highlights\"><\/span><strong>Insider Trading &#8211; Main Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><\/div>\n\n\n\n<ul>\n<li>Information that is not accessible to the public is considered non-public information.<\/li>\n\n\n\n<li>Insider trading refers to the act of buying or selling the securities of a publicly traded corporation by individuals who have access to non-public information.<\/li>\n\n\n\n<li>Insider trading is acceptable when employees of a company trade company shares as long as they promptly notify the SEBI of their transactions.<\/li>\n<\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Who-is-an-insider\"><\/span><strong>Who is an insider?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If a person has a connection to a company that gives them access to information that is not public, that person is said to be an insider. Under the SEBI Insider Trading Regulation, an insider is any person who is connected or has access to UPSI. In this context, a connected person is any individual who has had a direct or indirect relationship with the relevant firm in the six months before the relevant act or event.<\/p>\n\n\n\n<p>An insider may be defined in various ways. Some may adhere to a strict definition and only classify those individuals who work for the firm and have direct access to the knowledge; on the other hand, some may classify insiders as those individuals who are related to company officials.<\/p>\n\n\n\n<p>Sometimes, those outside the firm may use insider knowledge to pursue financial gain. When this occurs, there is a tipper and a tippee; the tipper is the one who knowingly violates fiduciary obligations by disclosing private information to third parties. The person making a trade using that secret information is known as the tippee.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Examples-of-insider-trading\"><\/span><strong>Examples of <\/strong><strong>insider trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are some hypothetical examples of insider trading in India:<\/p>\n\n\n\n<ul>\n<li>The CEO of a corporation tells a relative who holds a stake in the same company important information, let&#8217;s say \u2013 about the company&#8217;s acquisition. Before the information is made public, the relative take action on the information and sells all his shares.<\/li>\n\n\n\n<li>A government worker purchases shares of a company that exports tea after learning that a new regulation is due to be passed that will benefit the company. This is done before word of the legislation reaches the general public.<\/li>\n<\/ul>\n\n\n\n<p>To help you understand the concept of insider trading better, here are a few real-life insider trading examples:<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Reliance-Industries\"><\/span><strong>Reliance Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The SEBI penalised <a href=\"https:\/\/www.tickertape.in\/stocks\/reliance-industries-RELI?utm_source=glossary&amp;utm_medium=article&amp;utm_campaign=\" target=\"_blank\" rel=\"noreferrer noopener\">Reliance Industries (RIL)<\/a> and banned the business from the derivatives market for a year. The exchange authority accused the corporation of wanting to make money by breaking the rules governing its legally permitted trading limits and driving down the price of its stock in the cash market.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Rakesh-Jhunjhunwala\"><\/span><strong>Rakesh Jhunjhunwala<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Rakesh Jhunjhunwala, an independent billionaire investor, was called before SEBI for allegedly engaging in insider trading. Jhunjhunwala reportedly proposed to settle insider trading allegations with SEBI and paid a total of Rs. 18.5 cr. as a penalty. It remains one of SEBI&#8217;s largest settlements with an individual trader.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Is-insider-trading-legal-in-India\"><\/span><strong>Is insider trading legal in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u200b\u200bAn important thing you should be aware of \u2014 and this may surprise you \u2014 is that not all insider trades are prohibited. Only when a security transaction is influenced by non-disclosed public information is the transaction classified as illegal.&nbsp;<\/p>\n\n\n\n<p>However, SEBI has in place strict punishments and penalties, as discussed below.&nbsp;<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"SEBI-regulations-on-insider-trading\"><\/span><strong>SEBI regulations on <\/strong><strong>insider trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The SEBI is responsible for all security-related transactions in India. It has implemented regulations defining insider trades as any securities transactions where a party involved has non-public, material information.&nbsp;<\/p>\n\n\n\n<p>The SEBI Insider Trading Regulations do not intend to outright forbid insiders from trading in a company\u2019s securities. Its only goal is to ensure traders follow the rules, with the idea that all investors should have a chance to trade fairly. This is clear from the numerous instances where no punishment was given for engaging in insider trades, or the cases were dismissed.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Penalty-for-insider-trading\"><\/span><strong>Penalty for insider trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-1024x683.webp\" alt=\"\" class=\"wp-image-10422\" srcset=\"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-1024x683.webp 1024w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-300x200.webp 300w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-1536x1024.webp 1536w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-270x180.webp 270w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-770x515.webp 770w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg.webp 1800w, https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/04\/fine-concept-illustration_114360-10028.jpg-300x200@2x.webp 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<p>According to Sections 12A and 15G of the Securities and Exchange Board of India Act, 1992, engaging in insider trading in India is illegal.&nbsp;<\/p>\n\n\n\n<p>Insider trades are punishable by up to five years in prison and fines ranging from Rs. 5 lakh to Rs. 25 cr. or three times the profit made \u2013 depending on which is higher.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Insider trading is the act of trading securities using non-public information. In general, insider trades in company shares are acceptable, provided they promptly notify the SEBI of their transactions. Since 1992, there has been a major change in the rules that prevent insider trades. Insider trading is a worrying offence in the eyes of the authorities, who periodically update the laws by adding new, stricter prohibitions.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-2ef2e0d4 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height\" data-faqtoggle=\"true\" role=\"tablist\">\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b283b765\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>What is insider trading in simple terms?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Insider trading refers to the trading of a company\u2019s stock by those with access to sensitive or important non-public information. Utilising this exclusive access, an individual looks to gain from markets.\u00a0<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-fdead017\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>How do they catch insider trading?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">The regulatory body tries to stop and locate insider trading by keeping an eye on market activity. SEBI looks out for any suspicious trading activity, especially around important events like earnings reports, mergers, and other things that have a big impact on the value of a company and can cause its stock prices to fluctuate.<\/p><\/div>\n\n\n\n<div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-54911fdc\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\"><span class=\"uagb-icon uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg><\/span><span class=\"uagb-icon-active uagb-faq-icon-wrap\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg><\/span><span class=\"uagb-question\"><strong>Why is insider trading illegal?<\/strong><\/span><\/div><p class=\"uagb-faq-content\">Insider trades are an unfair practice that puts other stockholders at a disadvantage because they don\u2019t have important information only insiders have. But if the information has been made public and is available to all interested investors, that will not constitute illegal insider trading.<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>nsider trading refers to the act of trading a company\u2019s securities (e.g. shares, bonds, stock options, etc.) using secret or unpublished price-sensitive information (UPSI). Let\u2019s understand more about insider trades, who is considered an insider, insider trading regulations, and insider trading penalties.<\/p>\n","protected":false},"author":96,"featured_media":10209,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05.png","uagb_featured_image_src":{"full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05.png",2086,1086,false],"thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-150x150.png",150,150,true],"medium":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-300x156.png",300,156,true],"medium_large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05.png",768,400,false],"large":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-1024x533.png",770,401,true],"1536x1536":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-1536x800.png",1536,800,true],"2048x2048":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-2048x1066.png",2048,1066,true],"authorship-box-avatar":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-150x150.png",150,150,true],"authorship-box-related":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-70x70.png",70,70,true],"post-thumbnail":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-270x180.png",270,180,true],"contentberg-main":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-770x515.png",770,515,true],"contentberg-main-full":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-1170x508.png",1170,508,true],"contentberg-slider-stylish":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-900x515.png",900,515,true],"contentberg-slider-carousel":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-370x370.png",370,370,true],"contentberg-slider-grid-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-554x466.png",554,466,true],"contentberg-slider-grid-b-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-306x466.png",306,466,true],"contentberg-slider-bold-sm":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-150x150.png",150,150,true],"contentberg-grid":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-370x245.png",370,245,true],"contentberg-list":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-260x200.png",260,200,true],"contentberg-list-b":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-370x305.png",370,305,true],"contentberg-thumb":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-87x67.png",87,67,true],"contentberg-thumb-alt":["https:\/\/www.tickertape.in\/glossary\/wp-content\/uploads\/2023\/03\/05-150x150.png",150,150,true]},"uagb_author_info":{"display_name":"Nikitha","author_link":""},"uagb_comment_info":0,"uagb_excerpt":"nsider trading refers to the act of trading a company\u2019s securities (e.g. shares, bonds, stock options, etc.) using secret or unpublished price-sensitive information (UPSI). Let\u2019s understand more about insider trades, who is considered an insider, insider trading regulations, and insider trading penalties.","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10418"}],"collection":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/users\/96"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/comments?post=10418"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10418\/revisions"}],"predecessor-version":[{"id":10439,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/posts\/10418\/revisions\/10439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media\/10209"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/media?parent=10418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/categories?post=10418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/glossary\/wp-json\/wp\/v2\/tags?post=10418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}