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Sebi on 20th March confirmed a securities market ban on five entities, which also includes an employee of Life Insurance Corporation of India (LIC), in the front-running case of the state-owned insurer. SEBI also said that the observations made in the present order are tentative in nature and pending for further investigation. “Based on the outcome of the investigation, appropriate proceedings may be initiated in accordance with law,” Sebi said. What Is Front-running ? Front-running is illegal practice in the stock market If an entity trades on the basis of advanced informati...