To
All Trading Members of the Exchange
Sub: Order Under Sections 11(1), 11(4), 11(B) and 11D of the Securities and Exchange Board of India Act, 1992 in the matter of unregistered Investment Advisory through website
In Re: Securities and Exchange Board of India (Investment Advisers Regulation, 2013)
SEBI, vide its Order no. WTM/MPB/IMD/SRO/29/2019 dated March 20, 2019 has inter-alia issued following directions:
a: Directed the following Notices not to access the securities market and buy, sell or otherwise deal in securities market in any manner whatsoever, directly or indirectly, till further orders.
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Sr. no.
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Names of the Noticee
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PAN
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1
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Mr. Rishabh Jain
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AFKPJ6640Q
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2
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Mr. Ubaidur Rahman
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AAZPU0395D
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3
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Mr. G. Kadar Hussain
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AQLPK1093L
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b: Cease and desist from acting as an investment advisor and cease to solicit or undertake such activity or any other activities in the securities market, directly or indirectly, in any matter whatsoever until further orders;
c. Immediately withdraw and remove all websites, advertisements, representations, literatures, brochures, materials, publications, documents, communications, etc. in relation to their investment advisory activity or any other unregistered activity in the securities market till further orders.
This Order shall come into force w.e.f. 20.03.2019.
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.
Ena Janvalekar Rajesh Kumar Dubey
Sr. Manager Associate Manager
Surveillance Surveillance
Date: March 22, 2019
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