News From Press Mutual funds tightening controls to prevent front-running cases

Mutual funds tightening controls to prevent front-running cases

Source: Moneycontrol Jun 7, 2022

Markets watchdog Securities and Exchange Board of India (Sebi) had last week come out with its final order on IIFL and Fidelity front-running cases. The dealers in both the cases, took advantage of their knowledge of impending trades of the funds they were handling, and used mule accounts to put their own orders ahead of these funds. In the process, the dealers made over Rs 4 crore of wrongful gains.

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1 Comment

Prashant · 2 years ago `

Distributors even after always doing the right thing get penalised saying commissions are very high and in the garb of investor benefit reduction of TER is passed onto the distributors completely and still distributors not speaking up( I feel this shows that we are weak and are at their mercy) still doing the right thing but AMCs are let off even after front running shows how biased the regulator and the government is towards these blood sucking corporates.

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