Four entities, including Maxgrow Fintrade, have settled with markets regulator Sebi a case concerning the suspected front-running of trades by paying nearly Rs 3 crore towards settlement charges and agreeing to comply with other conditions. The other three entities that settled the case with the Securities and Exchange Board of India (Sebi) are Bhavin Pankaj Doshi, Nitesh Kumar Jain and Atish Shah. Apart from the settlement amount, the Sebi's committee formulated other conditions to settle the case. These included disgorgement of 'unlawful gain' of Rs 85.12 lakh to be paid jointly and severally along with voluntary debarment for a period of six months from the securities market by each applicant. The order came after entities filed an application with Sebi in May 2023 proposing to settle the suspected front-running activities by Maxgrow Fintrade and Bhavin Pankaj Doshi case through a settlement order "without admitting or denying the findings of fact". "It is hereby ordered that th Read The Rest at :