SEBI bans former Axis MF chief dealer, imposes ₹7.4 cr fine for ₹30.56 cr front‑running scheme
SEBI slapped a ₹7.4 crore penalty and market bans on ex‑Axis Mutual Fund chief dealer Viresh Joshi and four accomplices after proving they leaked trade plans to a Dubai trader who front‑ran the fund, pocketing ₹30.56 crore illicit gains. The case underscores the regulator’s crackdown on insider‑trading in India’s mutual‑fund sector.