SEBI Accuses PwC, EY Executives of Insider Trading in Yes Bank Share Sale

• SEBI has issued notices to current and former executives of PwC and EY India, along with individuals from Carlyle Group and Advent International, for alleged insider trading.
• The accusations stem from the sale of Yes Bank shares in 2022, where executives allegedly leaked unpublished price-sensitive information.
• The notice, issued in November 2025, claims two PwC and EY executives, plus five family members/friends, made illegal gains by trading Yes Bank shares before the 2022 sale.
• A total of 19 individuals are accused, with 7 trading on inside information and 4 sharing it; 8 PwC and EY executives are cited for weak compliance.
• SEBI found that both EY and PwC executives breached confidentiality rules, enabling individuals to trade Yes Bank shares before the deal finalization.

Why It Matters: SEBI has accused executives from top firms of insider trading related to Yes Bank's 2022 share sale.