Capital markets regulator Sebi (Securities and Exchange Board of India) has restrained six entities, including Banhem Stock Broking and Ninja Securities, from the securities market and impounded wrongful gains of Rs 2.23 crore from them for involving in front running trades of Anvil Wealth Management.
The Securities and Exchange Board of India’s ensuing investigation has revealed a maze of connections created by Joshi to perpetrate the front-running.