SEBI's order penalizes four individuals for front-running 350 trades of Societe Generale, a foreign portfolio investor, during 2022-2023.
The individuals, connected to an Antique Stock Broking sales trader, used non-public information for unlawful gains, resulting in a 2-year market ban.
Monetary penalties of Rs. 5 lakhs each were imposed, and the unlawful gains were disgorged by the information carrier in a separate settlement.