[ad_1] New Delhi, Mar 28 (PTI) Capital markets regulator Sebi on Friday barred five individuals from the securities markets for one year and directed them to impound illegal gains of nearly â‚ą1.53 crore made from their front-running activities. The regulator also imposed a penalty of â‚ą10 lakh on Nikhil Khaitan, and â‚ą5 lakh on Om…
[ad_1] The Association of Mutual Funds in India (AMFI) recently laid out guidelines for front-running and fraudulent transactions. The AMFI’s move, which comes nearly a month after SEBI’s nudge in response to front-running allegations against Quant MF, is an attempt to tighten regulations for better transparency. Despite the market regulator’s proactive role, mutual fund investors…
[ad_1] I’ve always observed these incidents with a mix of concern and professional interest. Because front-running isn’t a new phenomenon, nor is it unique to any single fund house. This practice, where insiders use advance knowledge of pending orders to trade for their own benefit, has reared its ugly head multiple times in the Indian…
