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Apart from the settlement amount, the Sebis committee formulated other conditions to settle the case. These included disgorgement of unlawful gain of Rs 85.12 lakh to be paid jointly and severally along with voluntary debarment for a period of six months from the securities market by each applicant.

The applicants Maxgrow Fintrade, its director Bhavin Pankaj Doshi, Nitesh Kumar Jain and Atish Shah were asked to pay around Rs 96.08 lakh, Rs 62.4 lakh, Rs 68.9 lakh and Rs 62.4 lakh, respectively.

​Sebi on Tuesday barred two individuals from the securities market for three years and imposed a penalty of over Rs 77 lakh on them for their involvement in front-running. Front-running refers to an illegal practice in the stock market where an entity trades based on advanced information from a broker or analyst before the information has been made available to its clients.

Financial markets regulator Securities and Exchange Board of India (SEBI) has banned three individuals and two entities (in total five) from securities markets

SEBI concluded that these five entities had a distinct role to play in the fraudulent scheme devised for front-running the orders of LIC, , sebi, indian, entities, LIC Front Running Case

Financial markets regulator Securities and Exchange Board of India (SEBI) has banned three individuals and two entities (in total five) from securities markets in a case of front-running trades in Life Insurance Corporation of India.

Financial markets regulator Securities and Exchange Board of India (SEBI) has banned three individuals and two entities (in total five) from securities markets in a case of front-running trades in Life Insurance Corporation of India. -- aaa

Sebi on Thursday barred five entities, including an employee of Life Insurance Corporation of India (LIC), from the securities market and impounded illegal gains of Rs 2.44 crore made by them, in a case pertaining to front-running the trades of the state-owned insurer.

Sebi on Thursday barred five entities, including an employee of Life Insurance Corporation of India (LIC), from the securities market and impounded illegal gains of Rs 2.44 crore made by them, in a case pertaining to front-running the trades of the state-owned insurer. Also, they have been asked to "cease and desist" from engaging in any fraudulent, manipulative or unfair

The regulator has ordered impounding wrongful gains worth Rs 30.56 crore earned by them through“prima facie” front-running activities, according to an interim order