Synopsis
Front-running refers to an illegal practice in stock market where an entity trades on the basis of advance information from a broker or analyst before the information has been made available to their clients.
The order follows a Sebi probe into suspected front-running by certain entities between March 2009 to March 2011.
NEW DELHI: Regulator Sebi on Friday barred 16 entities from the capital markets for up to seven years for indulging in front-running activities. The entities have been prohibited from the capital markets for a period ranging from five to seven years. Of the 16 entities, six have been asked to disgorge illegal gains of nearly Rs 20 crore.