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
Salient Points of SEBI Board Meeting Held on 12th August 2013
The SEBI Board met in Mumbai today and took the following decisions: 1. Amendment to the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Illegal mobilization of money by unregistered Collective Investment Schemes The Board has approved the proposal to declare illegal mobilization of funds without… Read More
Tags: Collective investment scheme, Fraud, Mumbai, Prohibition of Fraudulent, SEBI, Securities & Exchange Board of India, Securities market, Unfair Trade Practices
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