[IICA Independent Director] 28, Inside Information, Trading and Confidentiality

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How SEBI PIT Regulations define Unpublished Price Sensitive Information (UPSI) and insider status for listed companies. - Why communicating UPSI or tipping relatives constitutes a regulatory breach even without personal trading or monetary gain. - The legal distinction between generally available stock exchange disclosures and market rumors or press speculation. - Why an open trading window or compliance pre-clearance does not authorize trading while holding UPSI. - How to differentiate Companies Act board duties from SEBI LODR and PIT statutory compliance obligations. OpenExamPrep is an independent educational platform offering free study materials for candidate preparation. Practice for the IICA Independent Director Online Proficiency Self-Assessment Test at https://open-exam-prep.com/practice/in-iica-independent-director and watch video guides at https://www.youtube.com/@Open-exam-prep. Sources checked: September 28, 2026: - https://www.sebi.gov.in/legal/regulations.html - https://www.mca.gov.in/