Sebi bars 7 entities from market for 3 yrs on insider trading in Sharon Bio-Medicine shares

India's Securities and Exchange Board has banned seven companies, including Bharat Mohanlal Mehta, Impressive Trading and Lalita Bharat Mehta, from the securities market for three years for breaching insider trading regulations. The companies are also required to disgorge the equivalent amounts of the losses illegally avoided. The regulator alleged in the show cause notice that Sovin Trading and Sunrath Trading have violated the provisions of the prohibition of insider trading regulations. Insider trading is negative for ordinary investors because those personnel making illegal gains on unpublished sensitive information act at the cost of investors who are not privy to that information.

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