Sebi levies Rs 40 lakh penalty on four entities in Axis MF front-running case

Securities and Exchange Board of India has imposed a total penalty of Rs 40 lakh on four entities. This penalty includes fines on Woodstock Broking and Marfatia Stock Broking for front-running trades. The investigation spanned from April 1, 2021, to March 31, 2022, involving these entities. Evidence indicated that brokers facilitated these trades by providing necessary infrastructure and assistance.