| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ANUSHIKA SHUKLA
(PAN:HBJPS0767K)
|
|
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
PAN:AADCC5782H
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
ENGAGED IN CONTRARY TRANSACTIONS WITH REFERENCE TO INVESTMENT ADVICE RENDERED WITHIN FIFTEEN DAYS FROM DATE OF ADVICE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT
DID NOT MONITOR COMPLIANCES AS COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.33,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-DEC-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER OF STAY OF RECOVERY IS SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT
|
| 2 |
|
|
KETAN BORA
(PAN:BENPB0608D)
|
|
|
|
INSANE TRADERS
PAN:BENPB0608D
|
|
DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE
DID NOT MAINTAIN AND PROVIDE RECORD OF CLIENTS AND COPY OF AGREEMENT EXECUTED BETWEEN CLIENTS
DID NOT PROVIDE DETAILS OF KRA PROCESS AT THE TIME OF ON-SITE INSPECTION AND DID NOT FOLLOW KYC PROCESS WHILE ONBOARDING CLIENTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW TO IDENTIFY RISK PROFILE/ RISK SCORE OF CLIENTS TO DECIDE ON THEIR SUITABILITY FOR FINANCIAL PRODUCTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT
DID NOT MAKE DISCLOSURES ABOUT MATERIAL INFORMATION ABOUT ITSELF INCLUDING BUSINESS, DISCIPLINARY HISTORY, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, ETC.
DID NOT APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR
DID NOT ADHERE TO NET WORTH REQUIREMENT
|
IMPOSED PENALTY RS.8,00,000 ALONG WITH OTHER ENTITIES/PERSONS
29-OCT-2024
|
SEBI VIDE ITS NOTICE DATED 01/01/2025 DIRECTED TO PAY RS.8,33,000.00 WITHIN FIFTEEN DAYS FROM RECEIPT OF THIS NOTICE
SAT: SAT VIDE ITS ORDER DATED 14/01/2025 GRANTED RESPONDENT FOUR WEEKS TO FILE REPLY AND APPELLANT TO FILE REJOINDER TWO WEEKS THEREAFTER. STAYED RECOVERY PROCEEDING SUBJECT TO DEPOSIT OF RS.3 LAC BY APPELLANT WITHIN TWO WEEKS FROM DATE OF THIS ORDER
|
| 3 |
|
|
KETAN BORA
(PAN:BENPB0608D)
|
|
|
|
INSANE TRADERS
PAN:BENPB0608D
|
|
DID NOT APPLY FOR REGISTRATION AS NON-INDIVIDUAL INVESTMENT ADVISOR
DID NOT MAINTAIN AND PROVIDE RECORD OF CLIENTS AND COPY OF AGREEMENT EXECUTED BETWEEN CLIENTS
DID NOT PROVIDE DETAILS OF KRA PROCESS AT THE TIME OF ON-SITE INSPECTION AND DID NOT FOLLOW KYC PROCESS WHILE ONBOARDING CLIENTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW TO IDENTIFY RISK PROFILE/ RISK SCORE OF CLIENTS TO DECIDE ON THEIR SUITABILITY FOR FINANCIAL PRODUCTS
DID NOT PROVIDE DOCUMENTED PROCESS FLOW AND DETAIL QUESTIONNAIRE FOR RISK PROFILING CLIENT
DID NOT MAKE DISCLOSURES ABOUT MATERIAL INFORMATION ABOUT ITSELF INCLUDING BUSINESS, DISCIPLINARY HISTORY, ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, ETC.
DID NOT MAINTAIN MINIMUM NETWORTH
DID NOT RENEW NISM X-A & NISM X-B CERTIFICATE
|
CANCELLED REGISTRATION AS INVESTMENT ADVISOR
28-JAN-2025
|
|
| 4 |
|
|
KIRAN RAVINDRA KUMAR CHOUDHARY
(PAN:AAEPK1536D)
|
|
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
PAN:AADCC5782H
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
ENGAGED IN CONTRARY TRANSACTIONS WITH REFERENCE TO INVESTMENT ADVICE RENDERED WITHIN FIFTEEN DAYS FROM DATE OF ADVICE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT
DID NOT MONITOR COMPLIANCES AS COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.33,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-DEC-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER OF STAY OF RECOVERY IS SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT
|
| 5 |
|
|
PREM PRAKASH
(PAN:AIAPP8261A)
|
|
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
PAN:AADCC5782H
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
ENGAGED IN CONTRARY TRANSACTIONS WITH REFERENCE TO INVESTMENT ADVICE RENDERED WITHIN FIFTEEN DAYS FROM DATE OF ADVICE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT
DID NOT MONITOR COMPLIANCES AS COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.33,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-DEC-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER OF STAY OF RECOVERY IS SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT
|
| 6 |
|
|
ROHIT GADIA
(PAN:AGXPG1899A)
|
|
|
|
CAPITALVIA GLOBAL RESEARCH LTD.
PAN:AADCC5782H
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
ENGAGED IN CONTRARY TRANSACTIONS WITH REFERENCE TO INVESTMENT ADVICE RENDERED WITHIN FIFTEEN DAYS FROM DATE OF ADVICE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
DID NOT ASSESS SUITABILITY OF INVESTMENT ADVICE AND MAINTAIN APPROPRIATE STANDARDS OF CONDUCT
DID NOT MONITOR COMPLIANCES AS COMPLIANCE OFFICER
|
IMPOSED PENALTY RS.33,00,000 ALONG WITH OTHER ENTITIES/PERSONS
27-DEC-2024
|
SAT: SAT VIDE ITS ORDER DATED 17/04/2025 ALLOWED RESPONDENT FOUR WEEKS TO FILE REPLY AND REJOINDER, IF ANY, TO FILED WITHIN TWO WEEKS THEREAFTER. INTERIM ORDER OF STAY OF RECOVERY IS SUBJECT TO DEPOSIT 50% OF PENALTY AMOUNT
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
