This regulator has stepped up its vigil against market participants like brokers, fund managers and many more when it comes to front running and insider running. The slew of regulations it has unleashed upon the Indian MF industry over the past year, for instance, can be traced to some of the misdemeanours we’ve seen in the capital market in recent years. One such act was of an alleged front-running incident at a mutual fund house, wherein the said regulators order on the matter is pending. Rumour has it that when the firm reached out to seek a closure of the matter (including penalties, if any), pat came the response “You forget what we will do; first you clean up your own fund house’, in so many words. Ouch!
