(b) Companies need to disclose their analyst presentations to stock exchange and not allow analysts' preferential access to information. Obviously, companies should cull out the PSI and share with stock exchanges before sending them to industry associations. According to news reports, Sebi has recognized that PSI may be included in monthly data being shared by companies with industry associations that are liable for misuse. Current disclosure practices in corporate India are extremely inconsistent, for example only some listed companies disclose monthly sales volumes, which have a significant impact on stock prices when trends change. Companies are obliged to judge whether the information that they are handling amounts to PSI and disclose promptly. (a) Companies need to comply with the ITR by practising an ethos of continuous disclosure of PSI, instead of the current practice of format-driven quarterly disclosures. Improvements are required in several fronts: Quick disclosure of PSI reduces the window for misuse and in order to improve the culture in handling PSI, it is important that failure to make timely disclosures attract penalties. Secondly, enforcement action needs to push corporates to disclose PSI quickly and promptly. The regulator may continue to prefer civil prosecutions (burden of proof is lower but only monetary penalties may be levied) to criminal prosecutions (for jail time) but prosecutors need to prioritise cases on the basis of an assessment of criminality or criminal intent.

The regulator needs to evaluate several measures to increase effectiveness of enforcement action.ДЇirstly, insider trading must be acknowledged as a criminal activity.

A review of the Indian enforcement record indicates that Sebi has been remarkably successful in prosecuting organised insider traders (for example, front running) whereas SAT has reversed Sebi's actions in several other cases. Insider traders don't risk capital, quickly unwinding profitable trades once the market factors in the PSI.Д®nforcement of prohibitions on insider trading commenced in India over two decades ago in 1992. WoodmanвЂ™s experience as the founder of GoPro and his knowledge of our products and customers give him the experience and leadership capabilities that qualify him to serve as a member of our board of directors.Other than corporate insiders who get caught selling ahead of bad news, most insider traders are well-organised corporate outsiders who regularly execute 'arbitrage trades' leveraging PSI supplied by insiders (who usually get a share of profits). in Visual Arts from the University of California, San Diego. Woodman, along with friends, family and employees, innovated on the HERO Camera concept along with a wide array of mounting devices that would make it easy to mount the camera to everything from helmets to surfboards, vehicles and more. This idea became GoProвЂ™s first product, the HERO Camera. Woodman had the idea for a 35mm film-based wrist camera that could be worn during sports like surfing, enabling the user to capture images while engaged in the sport. Woodman planned an international surfing trip to look for inspiration. Woodman got his start in 1998 by founding an online gaming company,.

Nicholas Woodman founded GoPro and has served as our Chief Executive Officer and a member of the board of directors since 2004, as Chairman since January 2014 and as President from 2004 until June 2014.

Go pro insider trading