Insider trading refers to trading a company’s securities by insiders based on material information that is not publicly available. Insider trading is considered unfair and illegal as the insiders stand to make unfair gains at the cost of outsiders to the company.
Not all trades by insiders of a company are considered illegal. As long as insiders of the company inform SEBI and do not trade based on material nonpublic information, their trades are not illegal.
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