Supreme Court Clarifies “Non-Intermediary Front-Running” under SEBI Regulations: SEBI vs. Kanaiyalal Baldevbhai Patel (2017)

/ Judges, N. V. Ramana, Ranjan Gogoi, Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003, Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 with Regulation 4(1), Securities and Exchange Board of India Act, 1992, Securities Law

Date of the Judgment: September 20, 2017 Citation: (2017) INSC 763 Judges: N. V. Ramana, J., Ranjan Gogoi, J. Can individuals who are not intermediaries be held liable for front-running in the securities market? The Supreme Court of India addressed this crucial question in a batch of appeals, clarifying the scope of the Securities and […]

Supreme Court Clarifies “Non-Intermediary Front-Running” under SEBI Regulations: SEBI vs. Kanaiyalal Baldevbhai Patel (2017) Read Post »