SAT Re-Interprets Front-Running Rules
  • Ekta Tibrewal
  • Sep 11 2013

September 11: In a significant ruling, the Securities Appellate Tribunal has re-interpreted the laws on front-running. The tribunal has said that any person connected to capital markets who is indulging in front-running is liable to be punished. The tribunal had earlier held that only front-running by registered market intermediaries would constitute a violation. Bloomberg TV India reviews the tribunal’s order and its possible impact on how markets are conducted.