Economic TimesLean R·
Sebi levies Rs 40 lakh penalty on four entities in Axis MF front-running case
Capital markets regulator Sebi has levied fines totalling Rs 40 lakh on four entities, including two stock brokers, for allegedly facilitating front-running trades of Axis Mutual Fund.In an order passed on Tuesday, the Securities and Exchange Board of India (Sebi) imposed a penalty of Rs 10 lakh each on Woodstock Broking and its director Suresh Kanmal Jajoo and Marfatia Stock Broking and its director Nishil Surendra Marfatia.The order relates to a Sebi investigation with respect to trades execu…
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