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SEBI bans 5 entities in LIC front-running case, impounds ₹2 crore
short by Dharini Mudgal / on Friday, 28 April, 2023
The Securities and Exchange Board of India (SEBI) has barred five entities, including an employee of Life Insurance Corporation of India, from dealing in the securities market over front-running the trades of the insurer. SEBI has also confiscated illegal gains of ₹2.44 crore made by them. All five of them were found to be connected through family relations, SEBI said.
read more at ANI News