Bank of America settles SEBI insider trading case, pays Rs 58.5 lakh settlement fee
Google News
Bank of America Securities India has settled a SEBI insider trading case by paying Rs 58.5 lakh without admitting guilt.Summary
SEBI initiated proceedings against Bank of America Securities India Limited for alleged lapses in maintaining a Structured Digital Database under insider trading regulations. During the adjudication, the firm filed a settlement application on July 1, 2025, agreeing to pay Rs 58.5 lakh to resolve the matter without admitting or denying the findings. This settlement allows SEBI to take future action regarding any false disclosures.
(Source：Google News)