SEBI finds BofA shared insider info before $180 mn block deal: WSJ

A SEBI probe found that Bank of America violated insider trading rules related to a $180 million stock sale of Aditya Birla Sun Life Asset Management in 2024, the WSJ reported. The bank's deal team allegedly shared price-sensitive details with employees who weren't directly involved with the deal. The bank is reportedly seeking to settle the charges without admitting guilt.