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SEBI Bars Madhav Stock Vision Over Front-Running

24 April 20251 min read
BANKING & FINANCESEBI Bars MadhavStock Vision OverFront-Running24 April 2025safalsetu.com

Why in the news

SEBI acted against a broker and five others who traded ahead of a large client’s orders using non-public information.

Key facts

  • Front-running: dealing for one’s own account knowing a big client’s pending orders.
  • The group overheard dealers’ private conversations and sat in the same premises as the client’s brokers, with trading terminals and desks close together.
  • Interim order: MSVPL and five individuals debarred from dealing in securities; ₹2.73 crore disgorged; MSVPL barred from proprietary account trading.

Exam angle

  • Term: front-running; regulator: SEBI; amount: ₹2.73 crore.

Test yourself

1. SEBI debarred Madhav Stock Vision for which market malpractice?

The firm traded ahead of a major client's orders, i.e. front-running.

2. How much illegal gain did SEBI direct to be disgorged in the Madhav Stock Vision interim order?

The interim order directed disgorgement of ₹2.73 crore.

3. Besides Madhav Stock Vision, how many individuals did SEBI debar in the front-running case?

Five other individuals were debarred along with the firm.

This topic is part of Daily Current Affairs 24 April 2025 (22 topics).

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