• Juktasha Mohanty

Insider trading was recognized as an unfairness and a crime against shareholders and markets as a whole just around thirty years ago in many industrialized countries. In the not-too-distant past, insider knowledge and its use for one's own financial gain were considered advantages of high office and achievement. The iconic expression "the crime of being something in the city" was first used in 1973 by the Sunday Times of the United Kingdom to express this feeling. It meant that insider trading was once considered acceptable and that a rule prohibiting it was equivalent to a law against great achievement. The word "insider trading" has several meanings and implications, encompassing both authorized and forbidden activities. Every day, business insiders—officers, directors, or employees—buy or sell stock in their own companies within the bounds of company policy and the regulations controlling this activity. This is known as insider trading, and it is legal. To the detriment of the information's source and ordinary investors who purchase or sell stock without the benefit of "inside" knowledge, trading occurs when people with access to confidential information about significant events use that knowledge to their advantage and make profits or prevent losses on the stock market. The Securities and Exchange Board of India, India's capital markets watchdog, hosted an international symposium on capital market laws approximately eight years ago. This article will only cover India, but it will make references to other countries to provide readers with a deeper understanding of the subject. The study would extensively emphasize the key difficulties, and the researcher would attempt to develop answers related to these issues. Additionally, an effort would be made to comprehend the pertinent laws pertaining to this subject, and the researcher would endeavor to identify any gaps in these regulations. The following persons or groups are regarded by SEBI as engaging in insider trading. Anybody who fits into one of these categories should therefore refrain from trading stocks for the company for which they have an insider classification. close family members of those with connections or insiders, A holding company or affiliated business that is directly connected to the other corporation, A senior executive from one of the parent company's holding companies, An employee of a stock exchange or clearing house, Board members of asset management firms or trustees of mutual fund management firms, a chairman or member of the board of a publicly traded financial institution

"insider trading", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.j115-j123, March-2024, Available :http://www.jetir.org/papers/JETIR2403920.pdf

"insider trading", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppj115-j123, March-2024, Available at : http://www.jetir.org/papers/JETIR2403920.pdf