PRESS RELEASE - SEBI

March 05, 2015
PR No. 052/2015

Order in respect of Vaibhav Gandhi and Others

Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI has passed an ex-parte order dated March 02, 2015 issuing the following directions against Finosys Securities, Reliable Securities, Good Time Securities, Global Securities, Tradefast Securities along with Vaibhav Gandhi, Amit Gandhi and Asha Gandhi, Partners in Finosys Securities and Reliable Securities:

(a) The aforesaid entities and persons are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner till further directions;
(b) The aforesaid entities and persons shall cease and desist from undertaking any activity in the securities market, directly or indirectly, in any manner whatsoever till further directions;
(c) The aforesaid entities and persons shall immediately withdraw and remove all advertisements, representations, literatures, brochures, materials, publications, documents, websites, etc. in relation to any activity in the securities market;
(d) The aforesaid entities and persons are prohibited from mobilizing funds from the public, in whatever form, till further directions.

The order shall come into force with immediate effect.

Mumbai
March 05, 2015

For full copy of order against AMIT GANDHI, click here.

For full copy of order against ASHA GANDHI, click here.

For full copy of order against FINOSYS SECURITIES, click here.

For full copy of order against GLOBAL SECURITIES, click here.

For full copy of order against GOODTIME SECURITIES, click here.

For full copy of order against RELIABLE SECURITIES, click here.

For full copy of order against TRADEFAST SECURITIES, click here.

For full copy of order against TRADEFAST SECURITIES, click here.

For full copy of order against VAIBHAV GANDHI, click here.

For full copy of order against VAIBHAV GANDHI, click here.