Insider trading isn't a sure gamble as many assume. It is a multi-faceted genie that nobody has a hang of, even its practitioners. Ask yesterday's hedge fund star Raj Rajaratnam
It’s Unfair
In the markets, everyone should have equal information. Those with early access to information will have an unfair advantage in making money. So, the regulator wants to be strict with inside traders. But as Girish Vanvari and Chirag Shah of KPMG argued in a Business Line article, it is impossible for SEBI to curb it given the volume of fresh equity coming into the markets.
(This story appears in the 20 November, 2009 issue of Forbes India. To visit our Archives, click here.)