SEBI finds insider trading evidence using Facebook 'likes'

Markets regulator SEBI checked the Facebook profiles of suspected persons to determine if they were 'connected' in an insider trading case. SEBI found that persons involved in alleged insider trading were 'friends' on Facebook and they 'liked' each other's photos. In its interim order, SEBI has asked three entities involved in the case to deposit unlawful gains worth ₹2.41 crore.