Description
SEBI issues remittance order for recovery certificate against Vaibhav Dhadda in front running case involving Fidelity Group funds.
Summary
SEBI has issued a remittance order for Recovery Certificate No. 8626 of 2025 against Vaibhav Dhadda in connection with front running activities involving various funds of Fidelity Group. This represents an enforcement action to recover amounts determined in the front running case.
Key Points
- Recovery certificate issued against Vaibhav Dhadda
- Case relates to front running activities involving Fidelity Group funds
- Recovery Certificate No. 8626 of 2025
- Remittance order for compliance with recovery proceedings
Regulatory Changes
No regulatory changes - this is an enforcement action under existing regulations.
Compliance Requirements
- Vaibhav Dhadda must comply with the remittance order
- Payment of amounts as determined in the recovery certificate
- Compliance with recovery proceedings as per SEBI enforcement mechanisms
Important Dates
- Order Date: August 20, 2025
- Recovery Certificate No: 8626 of 2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on front running violations and recovery of amounts from violators. While specific to an individual case, it reinforces regulatory vigilance in fund management practices and market integrity measures.
Impact Justification
Recovery proceeding against individual for front running - significant enforcement action but limited market-wide impact