The market regulator Securities and Exchange Board of India (S | Stock Aaj Or Kal

The market regulator Securities and Exchange Board of India (SEBI) on June 3 passed its final order in the IIFL group front-running case, where it found the group’s equity dealer – Santosh Singh – guilty of wrongfully using his knowledge of impending orders of IIFL group entities.

Singh acted as dealer of IIFL Mutual Fund, IIFL Select Series II, IIFL Multi-Strategy Fund, IIFL Long Term Growth Fund I, IIFL Focused Equity Strategies Fund - Capmetrics Investment Adviser and IIFL Special Opportunities Fund Series 5.