In India, insider trading is when 'connected persons'—like directors or even family members—trade based on Unpublished Price Sensitive Information (UPSI), which is a serious breach under SEBI regulations! The penalties are severe, including massive fines and even imprisonment. Yet, I see young executives, eager to buy a first flat for their parents, sometimes blur these lines out of desperation, not greed. My own santosham comes from ensuring our company's compliance training stresses this: real success is when your family celebrates your *character*, not just your new flat.
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