India’s electricity regulator orders investigation into trading platform over alleged insider trading
India’s market regulator, the Securities and Exchange Board of India (SEBI), issued an order at the end of October 15 targeting two officials from India’s federal power regulator and two officials from GNA Energy. They claimed that they traded price-sensitive information on Indian Energy Exchange (IEX) stocks and derivatives.
The Central Electricity Regulatory Commission (CERC) said it was acting in the wake of a SEBI interim order that found GNA Energy’s top management had access to confidential CERC documents before the July 2025 order on market combination was made public.
CERC said the company may have violated provisions of electricity market regulations and appointed two senior officials to conduct an investigation and submit a report within 21 days.
The order does not revoke GNA Energy’s registration, but warns that violations may result in suspension or revocation of the license.
