Description
SEBI issues release order for Recovery Certificate No. 8219 of 2024 against Riya Jain (Kanungo) in the matter of front running involving various funds of Fidelity Group.
Summary
SEBI has issued a release order for Recovery Certificate No. 8219 of 2024 against Riya Jain (Kanungo) in connection with a front running case involving various funds of Fidelity Group. This release order signifies that the recovery proceedings have been completed and the certificate is being released.
Key Points
- Recovery Certificate No. 8219 of 2024 issued against Riya Jain (Kanungo)
- Matter relates to front running involving Fidelity Group funds
- Release order indicates completion of recovery proceedings
- Individual compliance matter with enforcement action concluded
Regulatory Changes
No regulatory framework changes. This is an enforcement completion order.
Compliance Requirements
No new compliance requirements. This order represents the conclusion of recovery proceedings against the named individual.
Important Dates
- Order Date: January 16, 2026
- Recovery Certificate No.: 8219 of 2024
Impact Assessment
This release order has minimal market impact as it pertains to the completion of recovery proceedings against a specific individual in a front running case. The order indicates that the enforcement action has been concluded with respect to Riya Jain (Kanungo). No broader market or regulatory implications are expected from this compliance completion order.
Impact Justification
Release order indicates compliance completion and recovery certificate closure for an individual in a front running matter, with limited market-wide impact