Sebi Show-cause to HDFC MF in Front-run­ning Case

The Economic Times - - Markets + Finance -

A seven-year-old case of front run­ning has come back to haunt HDFC As­set Man­age­ment Com­pany with Sebi seek­ing ex­pla­na­tion on al­leged vi­o­la­tions of var­i­ous cap­i­tal mar­ket reg­u­la­tions. A show-cause no­tice has been is­sued by Sebi to HDFC AMC and other en­ti­ties for al­leged vi­o­la­tions of reg­u­la­tions and code of con­duct gov­ern­ing mu­tual funds, bro­ker­age firms and port­fo­lio man­age­ment.

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