Sebi fines 6 entities in Deutsche Mutual Fund front-running case

Accordingly, the regulator levied a fine of Rs 5 lakh on Jena sisters as well as Rs 5 lakh on Chhaparias for violating PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norm and another Rs 5 lakh on Progressive Share Brokers for flouting stock brokers’ rule.