Insider Trading?

[bunny]

Hmm... alright guys i get it... so if I have to trade for my own account, i can't be a dealer. Are there any other criteria that prohibits a person from trading for his own account or is this it?

A govt servant cannot indulge in speculative trade, and intra-day trade. He must compulsorily accept delivery and deliver shares.

 

[fruitsalad]

A govt servant cannot indulge in speculative trade, and intra-day trade. He must compulsorily accept delivery and deliver shares.

If you don't mind answering... can you please tell me the reason?

 

[Mr.G]

Insider trading is the reason again. Use your brain man. Now don't ask how can govt servants can profit.

 

[bunny]

If you don't mind answering... can you please tell me the reason?

It is written in the law. Do not remember the Act name, section number, but it is widely known and confirmed.

 

[needless101]

Really? But I've several seen several government servants trade intra-day. Strange.

 

[Mr.G]

LOL. Welcome to India.

 

[mastermind007]

Really? But I've several seen several government servants trade intra-day. Strange.

Take video evidence of them and you can go RTI on him everytime you feel like doing your bit for the nation!

 

[mastermind007]

A govt servant cannot indulge in speculative trade, and intra-day trade. He must compulsorily accept delivery and deliver shares.

Delivery Trading is also considered speculation unless shares are held for a period of one year. Beyond one year, it is permissible, even though it is still a speculation in purest sense. Many officers do what BJP fellow did. Invest in name of his clueless underlings...