| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ALKA SHRIVASTAVA
(PAN:CBPPS2075D)
|
|
|
|
MONEY SECURE INVESTOR
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
|
|
| 2 |
|
|
DEEPAK OSTWAL
(PAN:AAPPO6194C)
|
|
|
|
CAPITAL WAYS INVESTMENT ADVISER
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
|
|
| 3 |
|
|
GAURAV AGRAWAL
|
|
|
|
PROFIT VISTA FINANCIAL RESEARCH
|
|
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
|
|
| 4 |
|
|
MUDASSIR HASAN
(PAN:AGDPH7770D)
|
|
|
|
ALLIANCE RESEARCH
PAN:AGDPH7770D
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 06-JAN-2021 UNTIL FURTHER ORDERS
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 06-JAN-2021 UNTIL FURTHER ORDERS
CEASED & DESIST FROM UNDERTAKING ANY ACTIVITY IN SECURITIES MARKET INCLUDING ACTIVITY OF ACTING AND REPRESENTING THROUGH ANY MEDIA (PHYSICAL OR DIGITAL) AS AN INVESTMENT ADVISOR, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 06-JAN-2021 UNTIL FURTHER ORDERS
DIRECTED TO CEASE & DESIST FROM ACTING AS AN INVESTMENT ADVISOR AND/OR RESEARCH ANALYST AND CEASE TO SOLICIT OR UNDERTAKE SUCH ACTIVITIES OR ANY OTHER UNREGISTERED ACTIVITY IN SECURITIES MARKET, DIRECTLY OR INDIRECTLY, IN ANY MANNER WHATSOEVER FROM 06-JAN-2021 UNTIL FURTHER ORDERS
DIRECTED NOT TO DIVERT ANY FUNDS RAISED FROM PUBLIC AT LARGE KEPT IN BANK ACCOUNT AND/OR IN THE CUSTODY OF THE COMPANY FROM 06-JAN-2021 UNTIL FURTHER ORDERS
DIRECTED TO PROVIDE FULL INVENTORY OF ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS, INCLUDING DETAILS OF ALL BANKS & DEMAT ACCOUNTS AND/OR MUTUAL FUNDS INVESTMENTS
DIRECTED NOT TO DISPOSE OF OR ALIENATE ANY ASSETS, MOVABLE OR IMMOVABLE, OR ANY INTEREST OR INVESTMENT OR CHARGE IN ANY OF SUCH ASSETS WITHOUT PRIOR PERMISSION OF SEBI
DIRECTED TO IMMEDIATELY WITHDRAW AND REMOVE ALL ADVERTISEMENTS, REPRESENTATIONS, LITERATURES, BROCHURES, MATERIALS, PUBLICATIONS, DOCUMENTS, WEBSITE, ETC. IN RELATION TO THOSE SCHEMES / ACTIVITIES (INVESTMENT ADVISER AND ALTERNATIVE INVESTMENT FUND, AND/OR RESEARCH ANALYST) OR ANY UNREGISTERED ACTIVITIES FROM 06-JAN-2021 UNTIL FURTHER ORDERS
DIRECTED DEPOSITORIES TO ENSURE THAT NO DEBITS AND CREDITS MADE IN DEMAT ACCOUNTS
DIRECTED REGISTRAR AND TRANSFER AGENTS TO ENSURE THAT SECURITIES (INCLUDING MF UNITS) IN PHYSICAL FORM NOT TO TRANSFER /REDEEM WITHOUT CONFIRMATION OF CONCERNED STOCK EXCHANGES
DIRECTED TO IMMEDIATELY REMOVE ALL CONTENTS FROM ITS WEBSITE AND DISPLAY ONLY CONTENT IN ITS WEBSITE THAT SEBI HAS PASSED VIDE ITS ORDER
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 06-JAN-2021 UNTIL FURTHER ORDERS
06-JAN-2021
|
SEBI VIDE ITS ORDER DATED 29/07/2022 CONFIRMED ITS INTERIM ORDER DATED 06/01/2021
SEBI VIDE ITS ORDER DATED 07/10/2025 SUSPENDED THE CERTIFICATE OF REGISTRATION FOR TWO MONTH FROM DATE OF INTERIM ORDER
|
| 5 |
|
|
MUKESH VISHVAKARMA
(PAN:AJSPV4217F)
|
|
|
|
STRIKER STOCK RESEARCH
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
|
SAT: SAT VIDE ITS ORDER DATED 01/08/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 08/12/2023 CONDONED THE DELAY IN FILING OF APPEAL
SAT: SAT VIDE ITS ORDER DATED 22/11/2024 PARTLY ALLOWED THE APPEAL BY REDUCING PENALTY TO RS.5 LAC FROM RS.15 LAC U/S 15HA, RS.1 LAC FROM RS.2 LAC U/S 15HB AND RS.1 LAC FROM RS.2 LAC U/S 15EB
|
| 6 |
|
|
RAJESH SINGH RATHORE
(PAN:AHPPR9284D)
|
|
|
|
BONAZ CAPITAL INVESTMENT ADVISER
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
|
|
| 7 |
|
|
SATISH SHUKLA
(PAN:BLWPS1911G)
|
|
|
|
PROFIT GURU
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
|
|
| 8 |
|
|
SUMAN KUMAR
(PAN:AMCPK0541Q)
|
|
|
|
PODIUM MARKET RESEARCH
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
|
|
| 9 |
|
|
SUMAN KUMAR
(PAN:AMCPK0541Q)
|
|
|
|
PODIUM MARKET RESEARCH
PAN:AMCPK0541Q
|
|
DID NOT MAINTAIN DUE CARE AND DILIGENCE IN MAINTAINING CONFIDENTIALITY OF INFORMATION PERTAINING TO ITS CLIENTS AND SCORES COMPLAINANTS
COLLECTED GST FROM CLIENTS WITHOUT HAVING GST REGISTRATION
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 23-OCT-2025 TO 22-JAN-2026
23-OCT-2025
|
|
| 10 |
|
|
SUMIT KUMAR WAGHMARE
(PAN:ABRPW8653R)
|
|
|
|
F3 FINANCIALS
|
|
|
GARUDA FINANCE
|
|
ACTED AS INVESTMENT ADVISER WITHOUT SEBI REGISTRATION
|
SUSPENDED REGISTRATION AS INVESTMENT ADVISER FROM 26-MAR-2025 TO 25-SEP-2025
26-MAR-2025
|
|
| 11 |
|
|
TABREZ KHAN
(PAN:BBQPK0436A)
|
|
|
|
ZOID RESEARCH
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
|
|
| 12 |
|
|
VEERENDRA KUMAR GUPTA
(PAN:BEDPG9199C)
|
|
|
|
NIVESHICON INVESTMENT ADVISORY
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
|
SAT: SAT VIDE ITS ORDER DATED 16/06/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
