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Got my Demat acc freezed for insider trading today by SEBI
So my dad is in LIC, he once mentioned me not to trade in stock market. i forgot that, invested around 1.4 lakhs in stock market over 3 years, of which profit is just 20k(of which profit from IPO is 12k which doesnt come under insider trading i hope). Not sure how to proceed , since never even took any tip and just casually trade, didnt even knew that im even eligible for insider trading. I've already informed my dad. What should we do next? Edit this is the message I got Dear [name] As a designated person, transactions are restricted for ISIN: INE0J1Y01017 in your demat account 120XXXXXX5 held with Depository Participant: ZERODHA BROKING LIMITED and it is frozen for Both Debit And Credit under reason Trading Window Closure Period based on information received from company: LIFE INSURANCE CORPORATION OF INDIA. This is in accordance with SEBI circular on Framework for restricting trading by Designated Persons pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.2
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