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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