Can an investor engage in front running and yet escape punishment by SEBI? Well, the Securities Appellate Tribunal or SAT says yes; as long as the investor is not a market intermediary. Payaswini Upadhyay has more on the Tribunal's curious interpretation of the applicability of SEBI's FUTP or fraudulent and unfair trade practices regulations.
first published: Nov 24, 2012 01:00 pm
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