Front Running Context: In the recent past, India’s mutual fund industry has been hit by several charges of front-running Concept: Front-running is a market malpractice where a dealer, trader or fund manager who is aware of a large upcoming share purchase order buys the same share in advance in bulk. Such bulk orders […]
Front running Subject: Economy Section: Capital Market Context: Axis Asset Management Company, which manages assets worth Rs 259,818 crore, suspended two fund managers on Friday for various irregularities, including front-running the AMC’s transactions on their personal accounts. Concept: Front running involves purchasing a stock based on advance non-public information regarding an expected large […]
Subject: Economy Context: Securities and Exchange Board of India (SEBI) sought to bar 27 entities from the capital market for being connected to a case of front running. Concept: Front running is the illegal practice of purchasing a security based on advance non-public information regarding an expected large transaction that will affect the price of a […]