Sebi had barred Parekh and Singapore-based trader Rohit Salgaocar in January 2025 for alleged front-running of trades of a US-based foreign portfolio investor. The Securities Appellate Tribunal (SAT) on Monday dismissed an appeal filed by Ketan Parekh challenging the Securities and Exchange Board of India’s (Sebi’s) denial of his requests to cross-examine two traders of Capital Group.