| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
3M TEAM RESEARCH PVT.LTD.
(PAN:AAACZ5112B)
|
|
|
INDULGED IN ACTIVITY OF PORTFOLIO MANAGER WITHOUT SEBI REGISTRATION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 20-SEP-2023 TO 19-SEP-2024
20-SEP-2023
|
|
| 2 |
|
|
BONAZ CAPITAL INVESTMENT ADVISER
(PAN:AHPPR9284D)
|
|
|
|
RAJESH SINGH RATHORE
PAN:AHPPR9284D
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
INDULGED IN INVESTMENT ADVISORY SERVICES WITHOUT POSSESSING REQUISITE QUALIFICATIONS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT MAKE DISCLOSURE TO CLIENTS ABOUT DETAILS OF INVESTMENT ADVISORY SERVICES/PRODUCTS
DID NOT PROVIDE RECORD OF INVESTMENT ADVICE TO CLIENTS AND SIGNED RATIONALE FOR ARRIVING INVESTMENT ADVICE
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 30-NOV-2022 TO 28-FEB-2023
30-NOV-2022
|
|
| 3 |
|
|
CAPITAL WAYS INVESTMENT ADVISER
(PAN:AAPPO6194C)
|
|
|
|
DEEPAK OSTWAL
PAN:AAPPO6194C
|
|
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
DETAILS OF THE INVOICES DID NOT MATCH WITH AGREEMENTS
INVOICES GENERATED PRIOR TO ENTERING INTO AGREEMENT WITH THE CLIENTS
DID NOT DO PROPER SUITABILITY ASSESSMENT AND SOLD PRODUCTS BEARING HIGHER RISK THAN RISK CATEGORIES DEFINED BY RISK PROFILE OF CLIENTS
DID NOT MAINTAIN RECORDS OF COMMUNICATION WITH CLIENTS DURING RISK PROFILING AND SUITABILITY ASSESSMENT OF ADVICE/SELECTION OF ADVISORY PRODUCT/SERVICES
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
DID NOT MAINTAIN CALL RECORDINGS OF CLIENTS
FORCED CLIENT TO TAKE ADDITIONAL ADVISORY SERVICES AND MAKE ADDITIONAL PAYMENT
HANDLED CLIENTS DEMAT ACCOUNT
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT PROVIDE TRAINING RELATED TO PREVENTION OF MONEY LAUNDERING ACT, 2002 (PMLA) TO ITS EMPLOYEES
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 23-MAY-2025 TO 22-NOV-2025
23-MAY-2025
|
|
| 4 |
|
|
EQUITY99
(PAN:AAFFE4984L)
|
|
|
DID NOT RENEW NISM REGISTRATION
DID NOT USE WORDS ‘INVESTMENT ADVISER’ IN ITS NAME
COLLECTED FEES AND RENDERED ADVICE TO CLIENTS PRIOR TO EXECUTION OF AGREEMENT
DID NOT OBTAIN CERTIFICATE OF REGISTRATION OF RESEARCH ANALYST
PROVIDED CONTRADICTING STATEMENTS WITH REGARD TO “RISK PROFILING QUESTIONNAIRE ANALYSIS PROCESS AND DID NOT COMMUNICATE TO CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
DID NOT OBTAIN “KNOW YOUR CLIENTS” (KYC) DETAILS OF CLIENTS
DID NOT DISPLAY NAME AND CONTACT DETAILS OF COMPLIANCE OFFICER
DID NOT SUBMIT CORRECT DETAIL OF INVESTOR COMPLAINTS
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 24-JAN-2024 TO 23-APR-2024
24-JAN-2024
|
|
| 5 |
|
|
F3 FINANCIALS
|
|
|
|
SUMIT KUMAR WAGHMARE
PAN:ABRPW8653R
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 26-MAR-2025 TO 25-SEP-2025
26-MAR-2025
|
|
| 6 |
|
|
GARUDA FINANCE
|
|
|
|
SUMIT KUMAR WAGHMARE
PAN:ABRPW8653R
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 26-MAR-2025 TO 25-SEP-2025
26-MAR-2025
|
|
| 7 |
|
|
HIGHBROW MARKET RESEARCH PVT.LTD.
(PAN:AACCH8077M)
|
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD MULTIPLE PACKAGES TO CLIENTS WITH THREAT OF FORFEITURE AND CHARGED
UNREASONABLE AND UNDISCLOSED FEE
MISREPRESENTED RISK PROFILE OF CLIENTS
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 20-SEP-2023 TO 19-SEP-2024
20-SEP-2023
|
|
| 8 |
|
|
MONEY SECURE INVESTOR
(PAN:CBPPS2075D)
|
|
|
|
ALKA SHRIVASTAVA
PAN:CBPPS2075D
|
|
DID NOT PROVIDE MATERIAL INFORMATION TO SEBI
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
TRADED ON BEHALF OF CLIENTS
PROVIDED ADVICE WITHOUT PROPER RATIONALE TO RISK PROFILE OF CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
DISPLAYED INCORRECT NUMBER OF PENDING COMPLAINTS ON WEBSITE
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES IN STIPULATED TIME
DEALT IN CASH WITH CLIENTS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 28-MAR-2023 TO 27-MAR-2024
28-MAR-2023
|
|
| 9 |
|
|
NIVESHICON INVESTMENT ADVISORY
(PAN:BEDPG9199C)
|
|
|
|
VEERENDRA KUMAR GUPTA
PAN:BEDPG9199C
|
|
DID NOT REDRESS INVESTOR COMPLAINTS IN STIPULATED TIME
DID NOT FURNISH ACTION TAKEN REPORT IN CONNECTION WITH REDRESSAL OF INVESTOR’S GRIEVANCES IN STIPULATED TIME
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 28-FEB-2023
28-FEB-2023
|
|
| 10 |
|
|
PINNACLE MARKET INVESTMENT ADVISORY PVT.LTD.
(PAN:AAICP3799C)
|
|
|
DID NOT REDRESS INVESTOR COMPLAINTS
DID NOT MAKE DISCLOSURE OF MATERIAL INFORMATION REGARDING APPOINTMENT OF
DIRECTOR
DID NOT MAINTAIN ARMS–LENGTH RELATIONSHIP BETWEEN ITS INVESTMENT ADVISER ACTIVITIES AND OTHER ACTIVITIES
CHARGED FEE HIGHER THAN INCOME/PROPOSED INVESTMENT OF CLIENTS
DID NOT CARRY OUT RISK PROFILING OF CLIENTS
SOLD ADVISORY SERVICES PRIOR TO COMMUNICATION OF RISK PROFILE
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 12-SEP-2023 TO 11-SEP-2026
12-SEP-2023
|
|
| 11 |
|
|
PODIUM MARKET RESEARCH
(PAN:AMCPK0541Q)
|
|
|
|
SUMAN KUMAR
PAN:AMCPK0541Q
|
|
DID NOT RENEW NISM REGISTRATION
DID NOT MAINTAIN COPIES OF CLIENT AGREEMENTS
COLLECTED FEES IN EXCESS FEES OF THE PERMISSIBLE LIMIT
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 14-DEC-2023 TO 13-MAR-2024 OR UNTIL THE TIME NOTICEE RENEWS THE REQUISITE NISM CERTIFICATION
14-DEC-2023
|
|
| 12 |
|
|
PROFIT GURU
(PAN:BLWPS1911G)
|
|
|
|
SATISH SHUKLA
PAN:BLWPS1911G
|
|
DID NOT CO-OPERATE WITH SEBI IN INSPECTION
DID NOT ADHERE TO THE DIRECTIVES/INSTRUCTIONS/GUIDELINES ISSUED BY SEBI VIDE IT’S EARLIER ORDER
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
SOLD MULTIPLE ADVISORY SERVICES TO CLIENTS BY FREQUENTLY UPDATING/CHANGING RISK PROFILE
SOLD ADVISORY SERVICES/PRODUCTS TO CLIENTS WITHOUT ENSURING SUITABILITY OF ADVICE ACCORDING TO THEIR RISK PROFILE
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 12-OCT-2023 TO 11-OCT-2025
12-OCT-2023
|
|
| 13 |
|
|
PROFIT VISTA FINANCIAL RESEARCH
|
|
|
|
GAURAV AGRAWAL
|
|
DID NOT POSSESS NISM CERTIFICATE
DID NOT PROVIDE INFORMATION/ REQUISITE DOCUMENTS AND NECESSARY ASSISTANCE AND CO-OPERATION TO THE BOARD
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 07-MAR-2025 TO 06-SEP-2025
07-MAR-2025
|
|
| 14 |
|
|
STAR WORLD RESEARCH
(PAN:BBEPG7803F)
|
|
|
SOLD PRODUCTS TO CLIENTS WHICH WERE NOT SUITABLE TO RISK PROFILE OF THE CLIENTS
CARRIED OUT IMPROPER RISK PROFILING OF CLIENTS
SOLD MULTIPLE PRODUCTS AND CHARGED UNREASONABLE FEES AND/OR SERVICE CHARGE
RECEIVED FEES THROUGH PAYTM WALLET
CHARGED GST AMOUNTS EVEN AFTER CANCELLATION OF GOODS AND SERVICES TAX NETWORK (GSTN)
DID NOT REDRESS INVESTOR COMPLAINTS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 31-JAN-2023 TO 30-JUL-2023
WARNED NOT TO PROVIDE INVESTMENT ADVISORY SERVICES UNLESS COMPLY WITH INVESTMENT ADVISORS REGULATIONS AND APPLICABLE SEBI CIRCULARS
31-JAN-2023
|
|
| 15 |
|
|
STRIKER STOCK RESEARCH
(PAN:AJSPV4217F)
|
|
|
|
MUKESH VISHVAKARMA
PAN:AJSPV4217F
|
|
SOLD HIGH-RISK PRODUCT/SERVICE TO CLIENT WITH MODERATE/LOW RISK APPETITE
CHARGED UNREASONABLE, ARBITRARILY AND INCONSISTENT FEE
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
PROVIDED WRONG INFORMATION AND/OR MISREPRESENTED TO CLIENTS
THREATENED COMPLAINANTS TO WITHDRAW THE COMPLAINT ON SCORES FALLING WHICH SERVICES WILL NOT BE PROVIDED
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 23-FEB-2023 TO 22-FEB-2025
23-FEB-2023
|
|
| 16 |
|
|
ZOID RESEARCH
(PAN:BBQPK0436A)
|
|
|
|
TABREZ KHAN
PAN:BBQPK0436A
|
|
PROMISED ASSURED/GUARANTEE RETURNS/PROFITS TO CLIENTS
EXTRACTED MONEY FROM CLIENTS AND/OR INVESTORS
DID NOT POSSESS NISM CERTIFICATE
USED FAKE NAMES/IDENTITY TO SOLICIT PAYMENTS FROM CLIENTS AND/OR INVESTORS
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 11-MAY-2022 TO 10-MAY-2025
11-MAY-2022
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
