SEBI investigates front-running by Sunny Bhatia using Sarvottam Securities orders
This order addresses SEBI's investigation into allegations that a group of individuals, led by a broker dealer, engaged in front-running trades by placing orders ahead of a large client, Sarvottam Securities Pvt. Ltd., to gain unlawful profits.
Mr. Sunny Bhatia, Mrs. Surbhi Chopra Bhatia, Mrs. Mamta Rani, Mr. Kumar Ashok, Sarvottam Securities Pvt. Ltd., Findoc Investmart Private Limited, Kotak Securities Limited
- SEBI alleged that Noticee No.1 (Mr. Sunny Bhatia) used non-public information about impending orders of Sarvottam Securities to front-run trades in the equity derivatives segment.
- The investigation period covered January 1, 2018, to December 31, 2022.
- SEBI alleged that the Noticees earned a positive square-off difference of INR 326.54 lakhs in 898 instances.
- SEBI alleged that the scheme resulted in unlawful gains of ₹264.79 Lacs.
- The Show Cause Notice (SCN) was issued on November 28, 2025, and served on the Noticees in December 2025/January 2026.
- A hearing was held on March 04, 2026, where Noticee No.1 attended on behalf of all Noticees.
- The order text provided is truncated and does not contain the final findings, penalties, or directions issued by SEBI.
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Document details
| Official title | Order in the matter of Front-running trades of Big Client - Sarvottam Securities Private Limited by multiple entities |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |