Market regulator Sebi intensifies drive against front-running violations

Conducts search and seizure operations against some experts who appeared on TV channels

Khushboo Tiwari Mumbai

Photo: Shutterstock

The Securities and Exchange Board of India (Sebi) has intensified its drive against alleged violations of front-running regulations—considered one of the most serious stock market offences. In its latest action, the securities regulator on Thursday carried out search and seizure operations against market experts doling out stock advice on business news channels.
The move follows a series of actions taken by Sebi in the recent past against mutual fund and broking officials as well as TV anchors and connected entities.
In the latest search at official and residential premises of six entities, Sebi seized records including mobile phones, laptops, desktops, tablets and hard drive disks to retrieve data for examination. The searches were carried out in Kolkata, Jaipur, Noida, and Pune.

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Sebi carries out nationwide raids on market experts for front-running

First Published: Jan 20 2023 | 8:20 PM IST

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