Sebi bans 3 individuals, 2 entities in LIC front-running case
SEBI also confiscated illegal gains of Rs 2.44 crore made by them in the front-running case
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SEBI also confiscated illegal gains of Rs 2.44 crore made by them in the front-running case
These accounts are set up to “carry’” out or route illegal activities such as front-running and pump-and-dump scams. These accounts are in the name of one person but are used by others such as fund managers or brokers
NOTICES Notice No. 20230328-60 Notice Date ... | March 28, 2023
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While Sebi’s action against alleged front-runner Viresh Joshi, a former chief dealer at Axis Mutual Fund, is commendable, the intricate nature of the operation suggests the catch was more fortuitous than inevitable