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SEBI bans 13 traders for front-running in trust-linked deals
SEBI barred 13 individuals for front-running trades tied to three family trusts, imposing market bans and fines.
India’s market regulator barred 13 individuals from the securities market after uncovering a coordinated front-running scheme linked to trades executed ahead of transactions by three family trusts. The order includes market access restrictions and monetary penalties, addressing activity spanning January 2021 to October 2022. Investigators said the group profited by anticipating large orders and positioning ahead of them, harming price discovery and other investors. The decision reinforces SEBI’s surveillance stance and signals continued enforcement around dealer-broker networks, proprietary desks, and tipper-tippee chains across India’s equity market. Deterrence remains a priority.