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SEBI bans PNB MetLife's Sachin Dagli and others from stock market for front-running scheme.
Securities and Exchange Board of India (SEBI) has banned PNB MetLife Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market for front-running, seizing over Rs 21 crore in illegal gains.
The scheme, which involved using confidential information about upcoming trades, lasted over three years.
PNB MetLife has cooperated with the investigation and taken disciplinary action against the involved individuals.
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SEBI prohíbe Sachin Dagli de PNB MetLife y otros de la bolsa de valores para el esquema de dirección frontal.