Markets · 1 sources covering this

India regulator bars former Axis MF dealer for seven years in front-running case

India's financial watchdog has penalized former Axis Mutual Fund chief dealer Viresh Joshi with a hefty thirty million rupee fine for leaking sensitive trading data. Joshi allegedly collaborated with others to execute a coordinated front-running scheme from 2021 to 2022, utilizing mule accounts and WhatsApp to make illicit profits from fund transactions. As a consequence, the regulator has barred him from participating in securities markets for the next seven years.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·2h ago
India regulator bars former Axis MF dealer for seven years in front-running case
India's financial watchdog has penalized former Axis Mutual Fund chief dealer Viresh Joshi with a hefty thirty million rupee fine for leaking sensitive trading data. Joshi allegedly collaborated with others to execute a coordinated front-running scheme from 2021 to 2022, utilizing mule accounts and WhatsApp to make illicit profits from fund transactions. As a consequence, the regulator has barred him from participating in securities markets for the next seven years.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/05da3ed76c58fdeb8d3c849e8e2cbc0c91ff1cf6"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="India regulator bars former Axis MF dealer for seven years in front-running case"></iframe>

India regulator bars former Axis MF dealer for seven years in front-running case

How 1 sources are covering this

India regulator bars former Axis MF dealer for seven years in front-running case

More from Markets

Pulse of the Street: Oil spike knocks markets to sharpest weekly fall since mid-May

US stocks mixed as investors digest fresh earnings, Trump tariffs in focus

Losing Wall Street binge premium! Why are Netflix shares in a freefall this year?

US stocks today: US stocks open subdued after tech rout; Mideast, tariffs in focus

Reader

Trust & legal

Across the network