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Sebi’s fair market conduct committee sidesteps vital points on fraud and insider trading

Updated : September 12, 2018 02:42 PM IST

The recommendations of the TK Viswanathan committee are essentially incremental to the existing framework, but do not address the poorly defined description of fraud.
The committee has missed a golden opportunity to redefine insider trading so as to catch only dishonest conduct.
One of the recommendations to expand the existing powers of Sebi from seeking call records to intercepting conversations would cause insurmountable privacy problems.
Sebi’s fair market conduct committee sidesteps vital points on fraud and insider trading

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