Motilal Oswal pays Rs 34.85 lakh to settle front-running case with Sebi

Motilal Oswal Financial Services resolved a case with Securities and Exchange Board of India. The issue involved suspected front-running of trades for a major client. The firm settled by paying Rs 34.85 lakh in charges. Securities and Exchange Board of India initiated the investigation. It was related to trades by the Chaturvedi Group.