Markets regulator Sebi on Friday barred eight entities from the securities markets and impounded "unlawful gains" of Rs 1.3 crore earned by them from front-running activities. The eight entities are Ashok Maheshwari, Darshan Bakul Shah, Khusboo Darshan Shah, Darshan Bakul Shah (HUF), Benzer Department Stores Pvt Ltd, CHL Stock Concepts Pvt Ltd, Chirag Mahendra Shah, and Mihir Dhirajalal Savla. Front-running refers to an illegal practice in the stock market where an entity trades based on advance information from a broker or analyst before the information has been made available to its clients. Ashok Maheshwari was one of the dealers of stock broker ABC Securities Ltd, and was responsible for placing trading orders for the Big Client, which was engaged in the business of portfolio management services. In its 77-page order, Sebi found that Ashok Maheshwari was instrumental in supplying the information about the impending trades of the Big Client to Darshan Bakul Shah and such ... Read The Rest at :