Front-Running Rule Change: Who Is Liable?
  • Elizabeth George
  • Sep 16 2013

September 12: The SAT has ruled that any person connected with the securities market guilty of front-running is liable to be punished. It says front-running cannot be put in a strait jacket formula, thereby parting ways from its order 9 months ago, which said that only intermediaries can be punished. Finsec Law Advisors’ Sandeep Parekh weighs the pros and cons of this ruling and its impact.