|
Markets regulator SEBI barred Ketan Parekh, 2 others from securities markets over front-running scheme
Markets regulator SEBI on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of Rs 65.77 crore. Further, SEBI directed 22 entities, including...
Markets regulator SEBI on Thursday barred three individuals, including Ketan Parekh, from the securities markets with immediate effect for their alleged involvement in a front-running scheme which generated illegal gains of Rs 65.77 crore. Further, SEBI directed 22 entities, including Parekh, to impound unlawful gains worth Rs 65.77 crore earned from the alleged violations, jointly and severally.
The regulator also restrained Ketan Parekh, Rohit Salgaocar and Ashok Kumar Poddar from associating with any intermediary registered with SEBI, either directly or indirectly, with immediate effect.
|
