The record
Written from the 1 report below. Nothing here is unsourced.
- SEBI has barred Mumbai-based stockbroking firm Madhav Stock Vision Pvt. Ltd. and five individuals from the securities market for one year.
- The action came after the regulator uncovered a front-running scheme that exploited confidential LIC trades.
- The scheme worked by overhearing phone calls related to LIC's trades, according to the report.
- The case highlights misuse of confidential information about large institutional trades.
What to watch next
- Whether SEBI issues further orders or penalties in the front-running case.
- Any appeal by the barred firm or individuals against SEBI's order.
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1 report
English national1
All filed from India
Named India · LIC · Mumbai · Madhav Stock Vision Pvt. Ltd. · SEBI
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