Front-running – Applicable to non-intermediaries?

Front-running is an illegal practice where, a stock broker or any other intermediary derives benefit from the advance knowledge of its customer™s trade. Definitions The Eight edition of Black™s law dictionary defines front-running as A broker™s or analyst™s use of non public information to acquire securities or enter into options or future contracts for his or her own benefit, knowing that… Read More

Tags: 2003 Regulation, Black's Law Dictionary, Capital market, Dipak Patel Order, Front running, Prohibition of Fraudulent, SAT, SEBI, Securities & Exchange Board of India, Securities market, The Honourable, Unfair competition