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.

Read more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Amfi stock classification: Multibaggers BHEL, NHPC, 5 more stocks to likely turn largecaps

HDFC Manufacturing Fund raises over Rs 9,500 crore

Retirement MFs: Equity allocation, flexible withdrawal options key benefits

Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank

Individual investors' share in mutual fund AUM surges 44% in a year; equity schemes find more takers, shows AMFI data

Elections and Volatility: Should you opt for Equity Savings Fund amid market ups and downs?

How to choose a good mutual fund distributor: A comprehensive guide for investors

Small-cap MFs to take more time to liquidate

SEBI offers relief on KYC compliance norms for mutual fund investors

Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

1 Comment

Prashant · 1 year 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.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How many seats will the BJP led NDA win in 2024 Lok Sabha election?

351 or above

276 to 350

201 to 275

200 or below

EVENTS FORUMS