The Securities and Exchange Board of India (SEBI) has confirmed the involvement of a Life Insurance Corporation of India (LIC) employee and four other entities in a front-running case. This case pertains to the illegal practice of trading securities based on advance information from a forthcoming transaction by a significant client. SEBI has imposed a securities market ban on these five entities as a result of their actions. The regulatory action underscores SEBI's commitment to maintaining market integrity and protecting investor interests.