YES Bank Insider Trading: SEBI Issues Notice, Shares Plummet

• YES Bank shares fell nearly 3% after SEBI initiated an insider trading investigation.
• The probe is linked to a $1.1 billion investment deal in July 2022 by Carlyle Group and Advent International.
• SEBI identified 19 individuals, including friends and family of officials, involved in alleged illegal trading.
• A former YES Bank board member is accused of leaking price-sensitive information.
• Consultancy firms EY and PwC are also under scrutiny for alleged compliance failures.

Why It Matters: SEBI's insider trading probe into YES Bank's 2022 investment deal has caused shares to drop.