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<h1>Insider trading prohibition bars trading or disclosure of unpublished price sensitive information, enabling regulatory investigation and corrective directions.</h1> Prohibition on insider trading forbids insiders from dealing in securities, communicating, or counselling based on unpublished price sensitive information; connected persons and various intermediaries are defined as insiders. The Board may investigate on written complaints or suo motu, appoint investigating authorities or auditors, compel production of documents and cooperation, receive reports, hear explanations, and issue directions to restrict trading, prevent disposal of improperly acquired securities, and restrain communications, without prejudice to criminal prosecution and with a right of appeal to the Central Government.