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S5/10Economic
Sebi fines Axis MF former dealer for front-running
Sebi imposed penalties totaling ₹7.5 crore on Viresh Joshi and 20 others.
The former Axis Mutual Fund chief dealer orchestrated a front-running scheme. He misused confidential information to generate illegal gains for himself.
Joshi and Dubai-based trader Prijesh Kurani received seven-year market bans. The regulator found substantial illegal gains and significant market abuse.
Source: Economic TimesOriginal source
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