SEBI tightened the rules in 2015 on price sensitive information and said that unpublished information on financial results, dividends, and change in capital structure, among others, could lead to insider trading. It also added that it is not necessary for an individual to be in the company for insider trading.Also, SEBI said had that it would clamp down on fraudulent and unsolicited investment tips and offers made through SMSes, Whatsapp, and other social media platforms and said it would coordinate with the Reserve Bank of India (RBI) and the Telecom Regulatory Authority of India (TRAI).

The regulator also released a consultation paper with the objective of specifying “uniform standards across all the intermediaries/persons engaged in providing investment advisory services irrespective of whether such activity is incidental to their primary activity or not and to address the gaps or overlaps in legal or regulatory standards.” More here.