Can Facebook “likes” establish insider trading?
Stock traders beware! Being Facebook friends and clicking on “likes” could be construed as evidence for India’s market regulator to link individuals in insider trading cases. On April 16, the Securities and Exchange Board of India (SEBI) held three entities, Rupeshbhai Kantilal Savla, Sujay Ajitkumar Hamlai, and the latter’s firm V Techweb India, guilty of…