Insurers, banks order probes in the wake of Axis Mutual Fund controversy

After reports that two Axis MF executives were implicated in front running - or, purchasing or selling shares based on non-public information that could impact the price of the share - came out, most of the major private insurance companies have started investigations to check the prospect of any employee exploiting their systems, people aware of the development said.

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