India’s power regulator orders probe into trading platform over alleged insider trading
India’s federal power regulator on Tuesday ordered an investigation into over-the-counter (OTC) electricity trading platform GNA Energy for alleged involvement in insider trading and market manipulation linked to a key regulatory order on market coupling.
India’s market regulator Securities and Exchange Board of India (SEBI) issued an order late on Oct. 15 against two officials of the country’s federal power regulator and officials of GNA Energy, alleging that they traded on price-sensitive information in shares and derivatives of Indian Energy Exchange (IEX).
