{ "version": "https://jsonfeed.org/version/1.1", "title": "Market Manipulation: Front running enforcement actions", "home_page_url": "https://marketmanipulation.org/cases/technique/front-running/", "feed_url": "https://marketmanipulation.org/feeds/technique/front-running.json", "description": "The 30 most recent enforcement records tagged front running in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges.", "language": "en-US", "items": [ { "id": "https://marketmanipulation.org/cases/sebi-103770-matched-orders-2026/", "url": "https://marketmanipulation.org/cases/sebi-103770-matched-orders-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/aug-2026/adjudication-proceedings-in-the-matter-of-front-running-activities-by-mr-bhavik-indravadan-shah-and-others_103770.html", "title": "SEBI v. Bhavik Indravadan Shah and others (front running a broker client, 2026)", "summary": "In August 2026 a SEBI adjudicating officer found that a dealer at Kaushik Shah Shares and Securities, with his wife and family HUF, traded ahead of 72 large orders of that broker's biggest client between 2021 and 2025. The three are jointly penalised Rs 10 lakh.", "date_published": "2026-08-19T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-103046-front-running-2026/", "url": "https://marketmanipulation.org/cases/sebi-103046-front-running-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2026/final-order-in-the-matter-of-front-running-by-madhav-stock-vision-pvt-ltd-and-others_103046.html", "title": "SEBI v. Madhav Stock Vision Pvt. Ltd. and others (front running a large institutional client, 2026)", "summary": "A July 2026 SEBI final order found that a stockbroker's proprietary desk traded ahead of orders of a very large institutional client, using information from two dealers at other brokers who overheard those orders. It orders disgorgement of about Rs 2.51 crore, one-year restraints on all six noticees and Rs 5 lakh penalties each.", "date_published": "2026-07-24T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-101215-front-running-2026/", "url": "https://marketmanipulation.org/cases/sebi-101215-front-running-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/apr-2026/order-in-the-mater-of-front-running-by-prijesh-kurani-and-others_101215.html", "title": "SEBI v. Prijesh Kurani and others (front running a broker's client orders, 2026)", "summary": "A SEBI order of April 2026 found that Prijesh Kurani traded ahead of a large client's orders in accounts of his relatives, using information from the husband and wife who handled that client at its broker. It restrains seven people from the market for one to three years, orders disgorgement of about Rs 1.96 crore and fines two noticees Rs 10 lakh each.", "date_published": "2026-04-30T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-101128-insider-trading-2026/", "url": "https://marketmanipulation.org/cases/sebi-101128-insider-trading-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/apr-2026/final-order-in-the-matter-of-front-running-by-ashok-maheshwari-and-others_101128.html", "title": "SEBI v. Ashok Maheshwari and others (front running a portfolio manager's trades, 2026)", "summary": "A SEBI whole-time member held in April 2026 that a broker's dealer passed on a portfolio manager's impending orders and that a group around Darshan Shah traded ahead of them in 2021 to 2022. The final order confirms the market bans, orders disgorgement of about Rs 1.30 crore and imposes penalties of Rs 1.52 crore in total.", "date_published": "2026-04-27T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-100648-front-running-2026/", "url": "https://marketmanipulation.org/cases/sebi-100648-front-running-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/mar-2026/order-in-respect-of-front-running-of-trades-of-big-client-by-certain-entities-of-chaturvedi-group_100648.html", "title": "SEBI v. Vishvanath Goswami and others (front running a foreign fund's trades, Chaturvedi group, 2026)", "summary": "A March 2026 SEBI order held that four people linked to the Chaturvedi group traded ahead of 350 orders of a foreign portfolio investor, using information passed on by a sales trader at the investor's broker. It restrains each for two years and fines each Rs 5 lakh, with no disgorgement because the sums were already paid.", "date_published": "2026-03-27T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-100535-front-running-2026/", "url": "https://marketmanipulation.org/cases/sebi-100535-front-running-2026/", "external_url": "https://www.sebi.gov.in/enforcement/orders/mar-2026/order-in-the-matter-of-front-running-trades-of-big-client-sarvottam-securities-private-limited-by-multiple-entities_100535.html", "title": "SEBI v. Sunny Bhatia and others (front running Sarvottam Securities trades, 2026)", "summary": "A March 2026 SEBI order found that a broker's dealer and three relatives traded ahead of a large client's orders in equity derivatives over several years. It directs disgorgement of about Rs 2.65 crore from the dealer, two-year market restraints on all four and penalties totalling Rs 23 lakh.", "date_published": "2026-03-24T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-1768543978-front-running-2026/", "url": "https://marketmanipulation.org/cases/sebi-1768543978-front-running-2026/", "external_url": "https://www.sebi.gov.in/sebi_data/attachdocs/jan-2026/ORDER_1768543978.pdf", "title": "SEBI v. Ashish S Parekh and others (front running of a large client's orders, 2026)", "summary": "A SEBI whole-time member found that dealers who handled a large client's orders passed the order details to relatives and associates, who traded just ahead of those orders and squared off for intraday profits, mostly in stock options. The January 2026 final order restrained the noticees for several years, ordered disgorgement of Rs 1,07,61,609 with interest and imposed penalties of Rs 90 lakh in total.", "date_published": "2026-01-16T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-98267-market-abuse-2025/", "url": "https://marketmanipulation.org/cases/sebi-98267-market-abuse-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/dec-2025/settlement-order-in-the-matter-of-trading-activities-of-certain-entities-to-trade-ahead-of-recommendation-furnished-in-tv-shows-co-hosted-by-mr-hemant-ghai-in-cnbc-awaaz_98267.html", "title": "SEBI v. Hemant Ghai (CNBC Awaaz stock recommendations, settlement, 2025)", "summary": "In December 2025 SEBI settled with Hemant Ghai, co-host of the CNBC Awaaz show Stock 20-20, over allegations that he passed on advance details of the show's stock recommendations to others who traded ahead of them. He neither admitted nor denied the allegations and paid Rs 1.456 crore.", "date_published": "2025-12-09T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97837-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-97837-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/nov-2025/settlement-order-in-respect-of-atul-g-chaturvedi-the-matter-of-suspected-front-running-of-trades-of-big-client-societe-generale-by-chaturvedi-group_97837.html", "title": "SEBI v. Atul Gopeshwar Chaturvedi (front running of Societe Generale orders, settlement, 2025)", "summary": "In November 2025 SEBI settled with the broker's sales trader suspected of leaking Societe Generale order details to relatives and friends who traded ahead of them. He agreed to pay Rs 96 lakh plus disgorgement and a six-month voluntary market ban, neither admitting nor denying.", "date_published": "2025-11-18T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97455-matched-orders-2025/", "url": "https://marketmanipulation.org/cases/sebi-97455-matched-orders-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/oct-2025/adjudication-order-in-the-matter-of-front-running-activities-by-dilip-kumar-kanoria-and-related-entities_97455.html", "title": "SEBI v. Dilip Kumar Kanoria and others (front running of a proprietary client, 2025)", "summary": "In October 2025 a SEBI adjudicating officer found that a long-serving dealer for a proprietary client traded ahead of its orders through his own and relatives' accounts. The four noticees were penalised Rs 10 lakh jointly and severally.", "date_published": "2025-10-27T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-2d9af3c7-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-2d9af3c7-front-running-2025/", "external_url": "https://www.sebi.gov.in/sebi_data/attachdocs/sep-2025/orders_in_the_matter_front_running.pdf", "title": "SEBI v. Shankar Tukaram Vadatkar and others (front running of family-trust orders, 2025)", "summary": "SEBI found that thirteen relatives and associates of a broker's dealer traded ahead of large equity orders placed for three family trusts at NSE and squared off for intraday profits. The October 2025 order restrained them for one to three years and imposed penalties totalling Rs 1.08 crore, after the main participants had settled in December 2024.", "date_published": "2025-10-23T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97078-matched-orders-2025/", "url": "https://marketmanipulation.org/cases/sebi-97078-matched-orders-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/oct-2025/adjudication-order-in-the-matter-of-front-running-activities-by-multiple-clients-big-client-referred-as-eastman-group_97078.html", "title": "SEBI v. Sunny Bhatia and others (front running of a family-group client, 2025)", "summary": "In October 2025 a SEBI adjudicating officer found that a dealer for a family trading group traded ahead of its orders through his own account and his relatives' accounts. The four noticees were penalised Rs 35 lakh jointly and severally.", "date_published": "2025-10-06T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97109-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-97109-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/oct-2025/settlement-order-in-the-matter-of-suspected-front-running-of-trades-of-big-client-societe-generale-by-chaturvedi-group_97109.html", "title": "SEBI v. Manish Chaturvedi and others (front running of Societe Generale orders, settlement, 2025)", "summary": "In October 2025 SEBI settled with three relatives and a company that were suspected of trading ahead of Societe Generale orders placed through a broker. Each of the four agreed to pay Rs 44 lakh and to stay out of the market for six months, neither admitting nor denying the findings.", "date_published": "2025-10-06T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-97063-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-97063-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/oct-2025/settlement-order-in-respect-of-front-running-of-the-trades-of-big-clients_97063.html", "title": "SEBI v. Kushal Rajesh Sheth and others (front running of Marcellus group trades, settlement, 2025)", "summary": "In October 2025 SEBI settled, on a neither-admit-nor-deny basis, a case against fourteen members and associates of a family accused of trading ahead of the orders of the Marcellus group of funds, after a dealer for the group allegedly passed on order information. The applicants agreed to monetary payments, disgorgement and a six-month voluntary market ban.", "date_published": "2025-10-03T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-95651-market-abuse-2025/", "url": "https://marketmanipulation.org/cases/sebi-95651-market-abuse-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2025/final-order-in-the-matter-of-trading-based-on-the-stock-recommendations-given-by-guest-experts-appearing-on-zee-business-channel_95651.html", "title": "SEBI v. Partha Sarathi Dhar and others (Zee Business guest-expert recommendations, 2025)", "summary": "In July 2025 a SEBI whole-time member debarred four traders for two years and fined them Rs 4 crore in total for trading ahead of stock recommendations that guest experts then broadcast on Zee Business. The case against one of the experts, Himanshu Gupta, was closed without direction.", "date_published": "2025-07-28T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-95179-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-95179-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2025/adjudication-order-in-the-matter-of-front-running-by-certain-entities-in-the-scrip-of-kpit-technologies-ltd-_95179.html", "title": "SEBI v. Aqua Proof Wall Plast Private Limited and others (front running of a big seller in KPIT Technologies, 2025)", "summary": "A SEBI adjudicating officer found that a brokerage-linked front entity, whose liabilities passed to Aqua Proof Wall Plast on merger, traded ahead of a large foreign seller of KPIT Technologies shares in July 2017 for a gain of about Rs 19.5 lakh. Penalties of Rs 40 lakh and Rs 5 lakh were imposed; proceedings against a third noticee ended on her death.", "date_published": "2025-07-10T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-95048-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-95048-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2025/adjudication-order-in-the-matter-of-front-running-by-adhunik-dealcom-private-limited_95048.html", "title": "SEBI v. Adhunik Dealcom Private Limited and others (front running of Santosh Industries orders, 2025)", "summary": "A SEBI adjudicating officer found that a decision-maker at Santosh Industries passed advance details of the company's orders to a trading company, which traded ahead of them in nine instances for about Rs 24.4 lakh. Penalties of Rs 35 lakh, Rs 10 lakh and Rs 10 lakh were imposed, Rs 55 lakh in total.", "date_published": "2025-07-04T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-94334-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-94334-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/may-2025/order-in-the-matter-of-trading-activities-of-m-s-mbm-financial-services-suspected-to-be-front-running-the-trades-of-m-s-alpna-enterprises_94334.html", "title": "SEBI v. MBM Financial Services, Chetan Mehta and Mehernosh D. Bhagat (front running of Alpna Enterprises orders, 2025)", "summary": "SEBI found that a broker's dealer passed advance details of a large client's orders to a proprietary trading partnership, which traded ahead of them in 17 instances for about Rs 48.1 lakh. The order directed disgorgement with interest, market bans of one to two years, and penalties of Rs 48 lakh in total.", "date_published": "2025-05-30T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-93114-wash-trading-2025/", "url": "https://marketmanipulation.org/cases/sebi-93114-wash-trading-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/mar-2025/order-in-the-matter-of-investigation-of-trading-activities-of-members-of-khaitan-family-front-running-the-trades-of-certain-entities-_93114.html", "title": "SEBI v. Nikhil Khaitan and others (family front running of big-client orders, 2025)", "summary": "A SEBI officer found that a broker's dealer used his relatives' accounts to trade just ahead of large client orders he was handling, earning about Rs 1.53 crore over six years. The order directed disgorgement of that sum, one-year market bans for all five noticees, and penalties of Rs 30 lakh in total.", "date_published": "2025-03-28T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-93116-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-93116-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/mar-2025/order-in-the-matter-of-suspected-front-running-of-the-trades-of-tusk-investment-ltd-by-mr-rohan-banerjee_93116.html", "title": "SEBI v. Rohan Banerjee and Rahul Banerjee (front running of Tusk Investment orders, 2025)", "summary": "SEBI found that an equity analyst at Tusk Investment placed trades for himself and his father just ahead of the firm's large orders, earning about Rs 47.2 lakh. The order required disgorgement of that sum, one-year market bans and penalties of Rs 10 lakh and Rs 5 lakh.", "date_published": "2025-03-28T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-92756-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-92756-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/mar-2025/order-in-the-matter-of-hemant-ghai-and-others_92756.html", "title": "SEBI v. Hemant Ghai and others (trading ahead of TV stock recommendations, 2025)", "summary": "SEBI found that a CNBC Awaaz news anchor traded through his wife's and mother's accounts ahead of stock recommendations he was about to broadcast, and ordered a five-year market ban, disgorgement of about Rs 6.16 crore plus interest, and penalties totalling Rs 1.35 crore across four noticees. The order held the broker's authorised person liable for fraud and the broker liable for supervisory failings only.", "date_published": "2025-03-19T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-91210-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-91210-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jan-2025/order-in-the-matter-of-front-running-by-mr-mandhar-ulhas-bhatkar_91210.html", "title": "SEBI v. Mandar Ulhas Bhatkar and Vikrant Bhimrao Kadam (front running of SVI Consolidated trades, 2025)", "summary": "In January 2025 SEBI found that a dealer for a large client, SVI Consolidated Pvt. Ltd., had traded ahead of its orders through his friend's account. The order directed disgorgement of Rs 34,26,342.95, restrained both men for 6 months and imposed penalties of Rs 5,00,000 each.", "date_published": "2025-01-28T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-90624-front-running-2025/", "url": "https://marketmanipulation.org/cases/sebi-90624-front-running-2025/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jan-2025/settlement-order-in-the-matter-of-front-running-by-meghana-gosar-and-deven-sangoi_90624.html", "title": "SEBI v. Meghana Gosar and Deven Sangoi (front running settlement, 2025)", "summary": "In January 2025 SEBI settled front running proceedings against a woman and her brother, the chief investment officer of a large client whose trades she was alleged to have run ahead of. They paid settlement amounts of Rs 44,00,000 and Rs 47,00,000, the first also disgorged Rs 27,77,312.92, and both accepted six-month debarments.", "date_published": "2025-01-08T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-90051-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-90051-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/dec-2024/settlement-order-in-the-matter-of-front-running-of-the-orders-of-big-client-bharat-kanaiyalal-sheth-family-trust-ravi-kanaiyalal-sheth-family-trust-and-arjun-discretionary-trust-by-jitendra-kewalram-_90051.html", "title": "SEBI v. Samir Kothari, Jitendra N. Kewalramani and others (front running of Sheth family trust orders, settlement, 2024)", "summary": "In December 2024 SEBI settled front running proceedings against six individuals and a family HUF connected to an authorised person of the broker Angel One. They paid settlement amounts totalling Rs 3,48,99,371, disgorged further sums and accepted six-month debarments, without admitting or denying the allegations.", "date_published": "2024-12-19T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-89004-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-89004-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/nov-2024/order-in-the-matter-of-trading-activities-of-certain-entities-suspected-to-be-front-running-the-trades-of-parshvanath-finvest-pvt-ltd-thar-share-brokers-pvt-ltd-and-gangwal-commodities-pvt-ltd-_89004.html", "title": "SEBI v. Murari Lal Sarda and others (front running of Thar Share Brokers group trades, 2024)", "summary": "In November 2024 SEBI found that five related traders had front run the orders of three connected Jaipur companies on the strength of information passed on by a sixth person who placed those orders. The order directed disgorgement of Rs 1,43,20,173, restrained the six for 1 or 2 years and imposed penalties of Rs 45,00,000 in total.", "date_published": "2024-11-28T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-85596-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-85596-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/aug-2024/order-in-the-matter-of-front-running-the-trades-of-girik-wealth-advisors-private-limited-and-girik-multicap-growth-equity-fund-by-ashok-yashwant-bhogte_85596.html", "title": "SEBI v. Sachin Bhogte and others (front running of Girik Wealth Advisors trades, 2024)", "summary": "In August 2024 SEBI found that a dealer for Girik Wealth Advisors and the Girik Multicap Growth Equity Fund had front run their orders through an account in his late father's name. The order directed disgorgement of Rs 1,08,29,597.27, restrained him from the market for 6 months and imposed a Rs 10,00,000 penalty.", "date_published": "2024-08-09T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-85295-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-85295-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jul-2024/order-in-the-matter-of-front-running-by-alka-jain_85295.html", "title": "SEBI v. Gaurav Singhal and Alka Jain (front running of Sapphire Intrex orders, 2024)", "summary": "In July 2024 SEBI found that an employee of Sapphire Intrex Limited and a second individual had traded ahead of that company's impending orders during 2021. The order directed disgorgement of Rs 50,51,116 with interest, restrained them from the securities market for 2 years and 1 year, and imposed penalties of Rs 15,00,000 in total.", "date_published": "2024-07-30T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-84079-social-media-ramps-2024/", "url": "https://marketmanipulation.org/cases/sebi-84079-social-media-ramps-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/jun-2024/in-the-matter-of-cnbc-awaaz_84079.html", "title": "SEBI v. Pradeep Baijnath Pandya and others (CNBC Awaaz, 2024)", "summary": "On 11 June 2024 a SEBI whole-time member found that a CNBC Awaaz anchor and a regular guest analyst, with the analyst's family entities, traded on stock recommendations before or as they were broadcast. The order barred eight noticees for five years, ordered disgorgement with interest and imposed Rs 2.6 crore in penalties.", "date_published": "2024-06-11T00:00:00.000Z", "tags": [ "SEBI", "analyst-manipulation", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-83782-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-83782-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/may-2024/final-order-in-the-matter-of-front-running-by-kajal-savla_83782.html", "title": "SEBI v. Gaurav Dedhia and Kajal Savla (front running of institutional orders, 2024)", "summary": "On 31 May 2024 a SEBI whole-time member found that the former chief dealer of IDBI Capital Markets & Securities Ltd front ran institutional clients' orders for about two and a half years using his sister's account. The order barred both for three years, ordered Rs 1.68 crore of disgorgement and imposed Rs 40 lakh in penalties.", "date_published": "2024-05-31T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] }, { "id": "https://marketmanipulation.org/cases/sebi-83061-front-running-2024/", "url": "https://marketmanipulation.org/cases/sebi-83061-front-running-2024/", "external_url": "https://www.sebi.gov.in/enforcement/orders/apr-2024/settlement-order-in-the-matter-of-suspected-front-running-activities-by-maxgrow-fintrade-pvt-ltd-and-mr-bhavin-pankaj-doshi_83061.html", "title": "SEBI v. Bhavin Pankaj Doshi and others (Maxgrow Fintrade front running, 2024)", "summary": "On 26 April 2024 a SEBI chief general manager approved a settlement with four applicants accused of front running the trades of Aditya Birla Mutual Fund in 2021. They paid Rs 2.90 crore in settlement amounts, Rs 85.1 lakh in disgorgement, and agreed to six-month voluntary debarments, without admitting or denying the allegations.", "date_published": "2024-04-26T00:00:00.000Z", "tags": [ "SEBI", "front-running" ] } ] }