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Insider Trading: Beware Of Rules

Legendary investor Warren Buffett said: “Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” The stock market is not for the weak-hearted – nor for Inside Trading. An NSDL campaign is creating awareness among the retail investors not to fall prey to the Insider Trading. If you are an equity investor, chances are that at some point in time you would have been offered an ‘insider tip’ to conduct a trade in a particular stock to make quick money. If the tip turns out to be false, you could end up losing money. If the Tip turns out to be true, although you might make quick money, it could land you in legal trouble. Insider trading is a punishable offence, as per the SEBI. The BSE, the NSE, and the SEBI keep routinely tom-tomming about such instructions – and yet the greedy investors keep falling prey to such Tip messages.  Looks like investors seem to blindly follow the investment philosophy of Gordon Gekko in the movie Wall Street, “Greed, for lack of a better word is good.” And we know where insider trading and greed got Gekko and his ilk.