SEBI Alleges Insider Trading by EY, PwC Executives
📰 MARKET BRIEF: Yes Bank Insider Trading Allegations
The **Securities and Exchange Board of India (SEBI)** has initiated action against current and former executives associated with major firms: **PwC, EY, Carlyle, and Advent**.
SEBI's allegations center on **insider trading** violations related to a **Yes Bank share sale in 2022**. The regulator asserts that these executives shared and misused **unpublished price-sensitive information (UPSI)**.
This alleged breach resulted in **unlawful gains** preceding the significant share offering.
The action follows an extensive investigation into the trading patterns and share movements of Yes Bank in the period leading up to the **2022 offering**.