Capital market regulator SEBI on Wednesday issued an interim order directing the seizure of suspected unlawful gains amounting to Rs 173 crore in connection with insider trading in energy exchange IEX. The order followed SEBI's search operations at multiple locations in the country between September 18 and 20. During the raids, investigators found that suspected entities were regularly receiving price-sensitive information from two senior CERC officials, in order to secure illegal gains by trading in IEX securities. It barred eight entities from dealing in the domestic securities marker until the authorities receive the entire amount.

The SEBI probe also found unusual trading activity before the announcement.

What is the matter? When did this activity take place?

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