Penalty amendment for insider trading broadens sanctioned range and establishes a statutory minimum, affecting enforcement discretion. The amendment to section 15G replaces the prior wording to ensure penalties for insider trading include a statutory minimum while permitting imposition up to the existing upper monetary limit or up to a multiple of profits derived from insider trading, whichever is higher, thereby creating a penalty floor and preserving an outcomes linked ceiling.
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Provisions expressly mentioned in the judgment/order text.
Penalty amendment for insider trading broadens sanctioned range and establishes a statutory minimum, affecting enforcement discretion.
The amendment to section 15G replaces the prior wording to ensure penalties for insider trading include a statutory minimum while permitting imposition up to the existing upper monetary limit or up to a multiple of profits derived from insider trading, whichever is higher, thereby creating a penalty floor and preserving an outcomes linked ceiling.
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