To
All Trading Members of the Exchange
Sub: INTERIM EX PARTE ORDER Under Sections 11, 11B and 11D of the Securities and Exchange Board of India Act, 1992, and Regulation 35, Chapter VI, of the SEBI (Intermediaries) Regulations, 2008 In Re: Violation of provisions of Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, and SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 in the matter of Money Maker Research Pvt. Ltd.
SEBI vide its order no. WTM/MPB/IMD/WRO-ILO/167/2021 dated January 22, 2021 has inter-alia directed following directions:
· Money Maker, Ms. Chandni Paryani and Mr. Abhisekh Tiwari, are directed not to access the securities market and buy, sell or otherwise deal in securities or associates themselves with securities market, in any manner whatsoever whether directly or indirectly,
· The other Noticees, viz., Mr. Shashank Mishra, Mr. Tanveer Ahmed, Mr. Neelesh Kumar Tripathi, Mr. Devendra Kumar Tripathi, Mr. Nimish Shrivastav, Ms. Amita Jain and Ms. Divya Sharma, are directed not to access the securities market and buy, sell or otherwise deal in securities or associates themselves with securities market, directly or indirectly, in any manner whatsoever, till further directions.
· If any of the Noticees have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out/ square off such open positions within 3 months from the date of order or at the expiry of such contracts, whichever is earlier. The Noticees, are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this order.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Rajesh Dubey Vivek Rai
Associate Manager Assistant Manager
Surveillance Surveillance
Date: January 25, 2021
|