 "Sebi")
Markets regulator Sebi on Thursday imposed a penalty totalling Rs 2 crore on four entities in HDFC Asset Management Company (AMC) front-running case.
Front-running refers to an unethical practice by someone trading in shares on the basis of advance information given by a broker, analyst or other executive at a market intermediary before the trades are conducted by that entity.
The regulator levied a fine of Rs 50 lakh each on Nilesh Kapadia and Dharmesh Shah, Rs 40 lakh on Ashok Nayak and Rs 60 lakh on IKAB Securities and Investments Ltd.
During the investigation period of October 2006 to June 2007, Kapadia,
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