"Insider trading" is a term that most investors have heard and usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insiders—officers, directors, and employees—buy and sell stock in their own companies. When corporate insiders trade in their own securities, they must report their trades to the SECBecause insider trading undermines investor confidence in the fairness and integrity of the securities markets, the SEC has treated the detection and prosecution of insider trading violations as one of its enforcement priorities.
Many insiders at Harvard believe that it was the Tata Group who had lobbied for Prof. Nohria’s elevation as the Dean of Harvard Business School. Now Nohria, serves on the board of the Company with his Brother-in-Law. The Tata Group's cash cow, TCS is currently being investigated for immigration fraud in the US by the Labor Dept.