Front-running: Sebi bars PNB Metlife stock dealer, 8 others

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The story "Front-running: Sebi bars PNB Metlife stock dealer, 8 others" was covered 18 hours ago by Times of India, a news publisher based in India.

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Times of India 18h ago

Front-running: Sebi bars PNB Metlife stock dealer, 8 others - Times of India

Quick Summary:

India Business News: MUMBAI: Markets regulator Sebi has detected a case of front running by an equity dealer with PNB Metlife India Insurance by which the dealer and his a.

Sebi has also directed banks, mutual funds and depositories to block all the accounts of the nine entities till further order.

With the help of six other conduits, they used to indulge in insider trades where they would buy the same securities that PNB MetLife would buy but before those large trades were put to the exchanges.