Description
SEBI remittance order for recovery certificate against Alka Dhadda in connection with front running activities involving Fidelity Group funds.
Summary
SEBI has issued a remittance order for Recovery Certificate No. 8630 of 2025 against Alka Dhadda in connection with front running activities involving various funds of the Fidelity Group. This is part of SEBI’s enforcement proceedings to recover dues from individuals involved in market manipulation.
Key Points
- Recovery Certificate No. 8630 of 2025 issued against Alka Dhadda
- Case relates to front running activities involving Fidelity Group funds
- Part of SEBI’s ongoing enforcement and recovery proceedings
- Remittance order for compliance with recovery certificate
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations.
Compliance Requirements
- Subject individual must comply with the recovery certificate requirements
- Payment of dues as specified in the recovery certificate
- Adherence to SEBI’s enforcement directions
Important Dates
- Recovery Certificate Date: 2025
- Order Date: August 20, 2025
Impact Assessment
This is an individual enforcement action with limited direct impact on broader market operations. It demonstrates SEBI’s continued focus on addressing front running and market manipulation practices. The action against individuals involved in front running serves as a deterrent for similar activities in the market.
Impact Justification
Recovery order against individual for front running - enforcement action with limited broader market impact