https://www.taxtmi.com/caselaws?id=445175 The Securities Appellate Tribunal Mumbai upheld findings of front running trading activity constituting fraud under PFUTP Regulations. The tribunal confirmed that certain entities engaged in trading based on prior information from clients, with one individual identified as the key perpetrator aided by family members. The tribunal found that trades were executed ahead of client trades without plausible explanation, corroborating front running activity. Several entities admitted to lending trading accounts, which the tribunal deemed a grave offense enabling misuse for non-genuine transactions. The tribunal upheld penalties and debarment periods, noting that front running defrauded investors and caused market losses while generating unlawful gains. en-us Mon, 30 Oct 2023 00:00:00 +0530 Thu, 02 Nov 2023 08:29:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445175 The Securities Appellate Tribunal Mumbai upheld findings of front running trading activity constituting fraud under PFUTP Regulations. The tribunal confirmed that certain entities engaged in trading based on prior information from clients, with one individual identified as the key perpetrator aided by family members. The tribunal found that trades were executed ahead of client trades without plausible explanation, corroborating front running activity. Several entities admitted to lending trading accounts, which the tribunal deemed a grave offense enabling misuse for non-genuine transactions. The tribunal upheld penalties and debarment periods, noting that front running defrauded investors and caused market losses while generating unlawful gains. Case-Laws SEBI Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445175