SEBI ne Former Antique Stock Broking Trader Atul Chaturvedi ke Front-Running Case ko ₹96 Lakh Penalty ke Saath Settle Kiya

Markets regulator SEBI ne Antique Stock Broking Ltd ke former trader, Atul Gopeshwar Chaturvedi, par lage alleged front-running case ko settle kar diya hai. Chaturvedi ₹96 lakh ki penalty denge aur unhone apne family members aur friends ne jo ₹1.48 crore galat tareeke se kamaye hain, unhe disgorge kiya hai. Unhone settlement order ki date se shuru hone wale securities market se chhah mahine ke liye voluntarily debar hone par bhi sahamati di hai. Front-running stock market mein ek illegal practice hai jisme koi individual broker ya analyst dwara di gayi advance, non-public information ke adhar par trade karta hai, us information ke clients tak pahunchne se pehle. SEBI ne Societe Generale, jise 'Big Client' identify kiya gaya hai, ke impending trades ke regarding suspected front-running activities ko investigate kiya tha, January 1, 2022 se December 8, 2023 tak. Apni investigation ke dauran, SEBI ne paya ki Big Client ne Antique Stock Broking ke through orders place kiye the. Regulator ne potential front-running ke 350 instances identify kiye, jisme se 348 mein Chaturvedi applicant the. Antique mein sales trader hone ke naate, Chaturvedi ko Big Client ke upcoming trades ke regarding material non-public information access thi. Unhone yeh information apne family aur friends ko di, jinhone collectively ₹1.23 crore galat profits kamaye in trades ko front-run karke. SEBI ne yeh bhi note kiya ki Chaturvedi ne apne brother-in-law ke trading account ka use kiya tha Big Client ke trades ko front-run karne ke liye. Settlement order tab jari kiya gaya jab Chaturvedi ne SEBI ke paas ek voluntary application file ki, jisme unhone bina kisi ilzaam ko sweekar kiye ya inkaar kiye mamle ko settle karne ka proposal diya. Impact: Yeh settlement market manipulation aur illegal trading practices ko rokne mein SEBI ke commitment ko mazboot karta hai. Aisi enforcement actions market integrity aur investor confidence ko maintain karne ke liye crucial hain. Penalty aur debarment market participants ko securities laws violate karne ke consequences ke baare mein strong message dete hain. Galat profits ka disgorgement yeh ensure karta hai ki galat tareeke se kamaya gaya paisa recover ho jaye.