Sebi bars four from markets for 2 years in front-running case linked to FPI

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In its investigation masking January 2022 to December 2023, Sebi discovered proof of front-running in 350 trades executed by the FPI

1 min learn Last Updated : Mar 27 2026 | 6:53 PM IST

The Securities and Exchange Board of India (Sebi) on Friday barred four people from the securities market for two years for allegedly front-running trades of international portfolio investor Societe Generale.

The regulator additionally imposed a penalty of ₹5 lakh every on Vishvanath Goswami, Umang Chaturvedi, Shyam Chaturvedi, and Vinod Kumar Chaturvedi.

In its investigation masking January 2022 to December 2023, Sebi discovered proof of front-running in 350 trades executed by the FPI.

According to Sebi, the people have been linked to Atul Chaturvedi, a gross sales dealer at Antique Stock Broking, which acted because the dealer for the FPI. Atul Chaturvedi was allegedly privy to materials private data concerning the FPI’s impending trades.

He settled the case with Sebi in November 2025 after paying a disgorgement quantity of ₹1.48 crore. Several different people had earlier settled associated proceedings in October 2025 by paying a complete of ₹19.5 lakh.

First Published: Mar 27 2026 | 6:47 PM IST

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