Exclusive: SEBI seeks details from Bank of America over alleged front-running

Zee Business reports that the Securities and Exchange Board of India (SEBI) has sought details from Bank of America regarding alleged front-running activities. The investigation focuses on whether the bank’s employees used non-public information to trade securities ahead of large client orders, potentially gaining an unfair advantage. SEBI’s inquiry aims to ensure market integrity and protect investors from unethical trading practices. This case underscores the importance of regulatory oversight in maintaining fair and transparent financial markets, and SEBI’s commitment to enforcing compliance with securities laws.