Market regulator Securities and Exchange Board of India (SEBI) has imposed a joint and several penalties of Rs35 lakh on Sunny Bhatia (noticee 1), Surbhi Chopra Bhatia (noticee 2), Mamta Rani (noticee 3) and Ashok Kumar (noticee 4) for front-running trades of the Eastman Group (big client) between January 2019 and December 2022. In an order, Amit Kapoor, adjudicating officer (AO) of SEBI, stated that, as discussed and established, the noticees engaged in front-running trades and violated the provisions of the SEBI Act and PFUTP Regulations during the investigation period (IP). In the AO assessment, these violations cannot be treated leniently and deserve appropriate penalties. The SEBI investigation revealed that Sunny Bhatia, acting as a dealer for the Eastman group, executed

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