SEBI charges Rs. 85 lakh on 7 entities on HDFC AMC front running case
Dec 02 2019
News Category: Industry Update
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Media report that the Securities and Exchange Board of India (SEBI) has imposed a fine of Rs. 85 lakh on seven firms for violation of regulatory rules in the front running of HDFC AMC. Front-running is the practice whereby a broker provides advance knowledge of a specific market order or financial security to its client for trading purpose. SEBI had conducted a probe on certain entities to check on front running cases. Following the probe, the capital market regulator said in an order that the entities were involved in making illegal gains through front running.

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