Axis Mutual Fund sacks its chief dealer Viresh Joshi who is facing probe for front-running

In front-running, an illegal market practice, a dealer, trader, or a mutual fund (MF) employee gets wind of a big order (for buying or selling shares) that will be placed by the fund or a big investor and gets 'in front' of the trade. Large orders usually have a bearing on the stock price.

from Banking/Finance-Industry-Economic Times https://ift.tt/wrKDtOP