Uncovering a Major Stock Market Scam

A significant front-running scam amounting to 65 crore rupees in the Indian stock market has been exposed, with Ketan Parekh as the mastermind behind the operation. After being barred from the markets for 14 years due to previous scams, Parekh orchestrated a scheme involving insider information and a network of brokers and clients. Front running, an illegal practice, allowed him to execute trades based on confidential details of large impending transactions, taking advantage of price fluctuations to ensure quick profits. The investigation by SEBI revealed the sophisticated orchestration of trades and highlighted the need for constant vigilance in the markets to protect investor trust.