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SOURCE OF INFORMATION

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 10-SEP-2026

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

STOCK BROKERS: VIOLATED SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
41
History of entity/person EVERMORE SHARE BROKING PVT.LTD.

(PAN:AAACE0199D)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
42
History of entity/person EXCEL STOCK BROKING PVT.LTD.

(PAN:AABCE8639D)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
43
History of entity/person FAIR INTERMEDIATE INVESTMENT PVT.LTD.

(PAN:AAACF7530K)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
44
History of entity/person FARSIGHT SECURITIES LTD.

(PAN:AAACF0682Q)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
45
History of entity/person FE SECURITIES PVT.LTD.

(PAN:AAACF8155G)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
46
History of entity/person FINDOC INVESTMART PVT.LTD.

(PAN:AABCF8332L)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
47
History of entity/person FINVASIA SECURITIES PVT.LTD.

(PAN:AABCF6759K)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
48
History of entity/person FINWIZARD TECHNOLOGY PVT.LTD.

(PAN:AACCF5863B)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
49
History of entity/person FIRST GLOBAL STOCKBROKING PVT.LTD.

(PAN:AAACF0661K)

(Member : NSE)  
Click here to view complete history of this specific entity/person DEVINA MEHRA

PAN:AAHPM4465E
Click here to view complete history of this specific entity/person SHANKAR SHARMA
  		VIOLATED SEBI (PFUTP) REGULATIONS, 1995

VIOLATED SECTION 11 (3) OF SEBI ACT, 1992

ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

VIOLATED SEBI (PORTFOLIO MANAGERS) REGULATIONS, 1993   		PROSECUTION LAUNCHED

15-MAY-2006 		 
50
History of entity/person FORTUNE CAPITAL SERVICES PVT.LTD.

(PAN:AABCF5404D)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
51
History of entity/person FYERS SECURITIES PVT.LTD.

(PAN:AADCF5513D)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
52
History of entity/person FYERS SECURITIES PVT.LTD.

(PAN:AADCF5513D)

(Member : BSE/NSE)  
  DID NOT SUBMIT DOCUMENTARY EVIDENCE FOR QUARTERLY MONITORING OF PEAK LOAD IN CALENDAR QUARTERS

DID NOT CONDUCT DISASTER RECOVERY (DR) DRILL FOR FULL TRADING DAY

DID NOT REVIEW IMPLEMENTATION OF BUSINESS CONTINUITY PLANNING (BCP) AND DISASTER RECOVERY SITE (DRS) POLICY OF GOVERNING BOARD OF MEMBERS

DID NOT SUBMIT ANY DOCUMENTARY EVIDENCE FOR CONSTITUTION OF INCIDENT RESPONSE TEAM (LRT) AND CRISIS MANAGEMENT TEAM (CMT)   		IMPOSED PENALTY RS.4,00,000

13-FEB-2025 		 
53
History of entity/person GAUTAMBHAI NANUBHAI JHAVERI,M/S

(PAN:ADAPJ5993J)

(Member : ASE)  
Click here to view complete history of this specific entity/person RAJESH NANUBHAI JHAVERI

PAN:ADAPJ5993J
  		ALLEGED VIOLATION OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992

VIOLATED REGULATIONS 4 (A) (B) & (D) OF SEBI (PFUTP) REGULATIONS, 1995

VIOLATED RULE 3 OF SEBI (STOCK BROKERS & SUB BROKERS) REGULATIONS, 1992   		PROSECUTION LAUNCHED

15-MAY-2006 		 
54
History of entity/person GEOJIT FINANCIAL SERVICES LTD.

(PAN:AABCG1935E)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
55
History of entity/person GILL BROKING PVT.LTD.

(PAN:AAHCG0239K)

(Member : NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
56
History of entity/person GLOBE CAPITAL MARKET LTD.

(PAN:AAACG4267G)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
57
History of entity/person GOLDENPI SECURITIES PVT.LTD.

(PAN:AAJCG9823H)

(Member : BSE/NSE)  
Click here to view complete history of this specific entity/person ABHIJIT ROY

PAN:ADIPR6408A
Click here to view complete history of this specific entity/person NAVEEN SUBBARAO

PAN:AEGPN8437E
Click here to view complete history of this specific entity/person SAI PRASAD

PAN:FOHPS7030L
Click here to view complete history of this specific entity/person SAMIR BARAN PRATIHAR

PAN:ALOPP1307Q
Click here to view complete history of this specific entity/person VISHAL SHARMA

PAN:FWJPS6375E
  		DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES

ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES

ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE

PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.

SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS   		IMPOSED PENALTY RS.2,50,000 ALONG WITH OTHER ENTITIES/PERSONS

31-JUL-2025 		 
58
History of entity/person GOLDENPI SECURITIES PVT.LTD.

(PAN:AAJCG9823H)

(Member : BSE/NSE)  
  DID NOT ENSURE THAT ALL ORDERS ARE ROUTED THROUGH REQUEST FOR QUOTE PLATFORM OF A RECOGNIZED STOCK EXCHANGES

ADVERTISED WITHOUT OBTAINING PROPER APPROVAL FROM STOCK EXCHANGES

ADVERTISED ITS BUSINESS IN THE FORM OF SPONSORED ADS ON GOOGLE

PUBLISHED ADVERTISEMENTS IN THE FORMS OF MESSAGE, EMAIL SAMPLES AND WEB ADS ETC.

SOLD AT-1 AND TIER II INSTRUMENTS IN A MISLEADING WAY TO RETAIL INVESTORS   		IMPOSED PENALTY RS.2,00,000

31-JUL-2025 		 
59
History of entity/person GOODWILL WEALTH MANAGEMENT PVT.LTD.

(PAN:AAECG9766E)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
60
History of entity/person GRD SECURITIES LTD.

(PAN:AABCG7534M)

(Member : BSE/NSE)  
  ALLEGED ASSOCIATING WITH UNREGULATED ALGORITHMIC TRADING PLATFORMS THAT PROMISED GUARANTEED RETURNS VIOLATING SEBI CIRCULAR SEBI/HO/MIRSD/DOP/P/CIR/2022/117 DATED 02/09/2022 AND CLAUSE A(2) AND A(5) OF CODE OF CONDUCT UNDER SCHEDULE II READ WITH REGULATION 9 OF SEBI (STOCK BROKERS) REGULATIONS, 1992   REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000 VIDE CONSENT ORDER)

17-MAR-2026 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.
 
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